Anavex Life Sciences Corp (AVXL)

[ignatiusrielly35]

The definition of the rule is that mm’s may only naked short when there are no shares available, I.e. no sellers. The definition is not “when there are no shares available at a price that the mm’s want to pay.” That is my point. The mm’s routinely naked short when they are not allowed to do so. Because they are less interested in “making a market” than they are in basically trading for their own account while pretending to be making a market. This is also the reason that they manipulate the price. If they were merely making a market they would not be concerned with what the prices are. They’d simply be profiting from the spread.