Wednesday, June 13, 2007 2:08:01 PM
As I understand, when a MM keeps selling shares it doesn't have, the value of the stock drops. The more shares that are added through naked shorting, keeps diluting the share price. That's why when MM's have to cover, the price goes up because they have to go out and buy the shares they allegedly had when they sold them and conversly, if the mm just keep selling "air shares" the value of the stock drops. Or do I have it wrong?
"What we see depends mainly on what we look for" John Lubbock
My statements are my opinion only. Good luck!
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