GBT Technologies Inc (GTCH)

[bucks2pennies]

Don't depend on me for accuracy but here is what I think: Naked shorting has been going on for some time and I believe that there are a LOT of contracts out there for borrowed shares that are still open. Naked shorts borrow shares that exist in a 'real' account. They must be returned to close out the contract. As I see it now is that the outstanding contracts only have borrowed but have NOT sold those shares yetf. Waiting for a big push. When that big pust reaches that level they are satisfied with, only then do they sell.... waiting for the shares to drop back to previous lows (with the help of MMs 'manipulating' the trade in 'cooling down' the surge that just happened).

That means that the naked shorts can buy back borrowed shares at a much cheaper price than they sold them for - WALLAH, their profit.

I do believe that is the case 99% of the time. Plays havoc with these Pinky shares. But on a rare occasion, IMO, the slide back down does not occur or does not fall at a level where the naked shorts can profit in replacing borrowed shares (my secret desire is that they burn in hell). The result is the 'squeeze' retail traders dream of where the surge is supported and then some causing the shorts to replace at a loss (pay more than they sold them for).

I believe most of the outstanding naked short contracts were borrowed at 2s.... NOT 1s YET!