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Re: trader59 post# 11052

Friday, 04/30/2021 1:51:24 PM

Friday, April 30, 2021 1:51:24 PM

Post# of 13959
There is 100% naked shorting. MMs were privy to suspension news on Friday and were very very agressive on the naked short. Abusing the loop hole to naked short to create liquidity but as soon as they got wind of suspension they were beyond aggressive on the short side. Anyone watching tape saw it.

Unfortunately retail didnt get the suspension info until Monday. We were all scratching our heads as to why were they being unusually aggressive on the naked short on Thursday and Friday but they get the info before retail and took advantage of it.

No doubt 100% sure they need to cover the naked short positions. If they weren’t shorting so hard we would have closed at .20. Technically it also falls under the T-72 so they were being very aggressive but they will have to cover on Monday and Tuesday which is why they need panic sellers or they will have to chase it up to find matching orders.

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