Saturday, April 20, 2024 1:17:54 PM
As for the short position or borrowed shares that someone here talkinga bout, those are NAKED short position who shorted 119 million shares either by market makers who didn't borrow the shares. If it was borrowed shares from broker, the broker would charge borrowing fee which is a percentage of the value of the shares and so high, shorting is not feasible for retail traders where as market makers can short naked any stock even a stock trading at .00001 and pay no borrowing fee. Is this fair. where market makers have trading privilleges and have 'advantages' over retail traders.? The market is not fair, no orderly, and corrupt. which the SEC has been unable to enforce. The SEC and justice system or US judicial system is enabling ans assisting criminals to rob the American public investor legally.
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