"House of Pinchers"

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I am in QNGY similar situation regarding naked shorting otherwise a Lidar stock and a SPAC. I would not recommend, had a reverse split then got shorted down to nothing. Did an offering a couple of days ago at $1.70 trading at .76 now.

Sometimes you have to trust the pinch. There have been times when I read posts and got discourage and the stock moved up fine on a pinch. Pinchs like every other technical indication is a self fulfilling prophecy. What I mean is there are a number of investors that see the same thing and invest the same way and they don't even look at the fundamentals, so you get the same outcome.

Here is my take on naked shorting - may have mentioned earlier.

Here is how the corruption works. My best guess. The SEC allows Naked Shorting by Market Makers (MM) The MMs watch the stop loss orders build. At a given point in time they sell shares into the market trigger the stop/losses. The stop/losses perpetuate the down trend building on one another. The MMs buy back the shares near the bottom.

Good Trades.