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Re: Grande Drip post# 15226

Thursday, 09/24/2020 12:51:39 PM

Thursday, September 24, 2020 12:51:39 PM

Post# of 17814
Naked shorting in the OTC is an urban myth. There are no numbers to go by and the whole idea of shorting a low priced ticker in a market like the OTC makes no sense.

And the OTC daily short report numbers do not mean anything. They represent normal MM activity that's necessary in making a market. One needs only understand how the short interest in a security is derived through the T-2 rule.

Furthermore, this statement is wrong.

Stocks move on actual "real" news not fluff or BS

That may be true of companies trading on an actual exchange but quite often just the opposite is true. I have over twenty years of following some of the more scammy tickers on the OTC and know this for a fact. Tickers here move on the bullshit drummed up or exaggerated by people who make a living trading these low priced OTC tickers, sucking in others to gain some momentum to sell into.


You can lead a horse to water. But you can't make him get down on one knee and do an Al Jolson impression!