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seattletechguy

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seattletechguy

Re: blackmail post# 2354

Tuesday, 02/19/2008 12:48:19 PM

Tuesday, February 19, 2008 12:48:19 PM

Post# of 26430
Blackmail: Because there is only 1 MM...

(NITE) who is actively trading this stock. Right now they've got the spread set very wide. Say you short at the BID (.17), and they close it at the ASK (.44). You're going to get a margin call and have to cover at the ASK for a big loss. If I were the specialist for NITE, that's exactly what I'd do, hoping to squeeze some cash out of agressive traders who can't back their play.

All JMHO of course.
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