Sulja Bros. Building Supplies, Ltd (SLJB)

[jbgoodtrader]

So you are saying that the MM's didn't set (drop) the price down to $1.30, but instead the price magically sets itself?

Bacause that's the way your explanation reads to many.

You seem to defend this practice, as if there's nothing wrong with it, when it causes huge losses to investors/traders & the company & whoever else is affected. Sure shorting is legal, but it's also unethical, & it invites criminal behaviour to the Markets.

I read an article a couple yrs. ago now, where the writer said that the practice of shorting (naked or otherwise), should be illegal. When someone shorts, they are betting that the company will do badly & it only benefits the shorter... no-one else. It also invites manipluation & abuse by the relatively small number of people who can benefit from this practice.

When you buy long it benefits everyone.

John Good