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Thursday, July 16, 2020 10:45:13 PM
tl;dr Get the manipulators to go somewhere else.
I think primary way to do this is to dissuade the shorting manipulators. That being said, given this is a sub-penny stock, they really are not making that much money on it, maybe 10k per day. While to many of us that's a lot of money, the reality is that futures guys do that all of the time. If one is highly skilled and has funding, there are a lot better places to make money than this stock. Overall strategy is simply to make it not worth their while.
Side Note: unlimited shares to short. Of course there are. The MM can "borrow" as many as they need almost up to the OS to make the market. The way to beat shorts is to force them into margin calls. Which leads to ...
Goal #2 (cherry on top) is if we can catch the shorties in a huge squeeze and cause a margin call. To that point, I've put an order to sell 10 shares at $1.00. Do I think this will EVER occur? No. BUT, IF the conditions are right and it slips through the crack, that's going to cause them some major disruption. At one time today, somebody had shorted 750k shares. Imagine their panic if they faced a margin call of $750k. That's going to cost someone their job or more. Even a PPS of $0.10 will cause a large call relative to their gains. Again, I don't think will happen but if I can dissuade them with a Sword of Damocles, so be it. For those who say this is impossible, may I point to oil on Apr 20th.
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