InvestorsHub Logo
Followers 17
Posts 2691
Boards Moderated 1
Alias Born 01/17/2007

Re: sneaky_peaky post# 18089

Friday, 06/20/2008 11:53:08 AM

Friday, June 20, 2008 11:53:08 AM

Post# of 86719
Found out that my order was routed to NITE. Broker has little to offer in the way of "information". And why would they? They could care less about customers. They are in bed with the market makers anyway. Had to go elsewhere to find their game. Seems NITE has set up an off the board account just full of their naked short covers. That must be how they are staying off the SHO list of late. They choose which orders cross the tape. Any block buys that don't go to them may or may not cross. No idea how many are in on it. Something like my 20K comes to them and they fill a naked cover at .29. They were probably originally used at $2 or $3. They don't ever have to cover the nakeds. But this way they can keep any substantial buying from affecting the price and they never get back on the SHO list. Since it is OTC, there is no immediate fill. Plenty of time for somebody to keystroke a match from their naked short cover account. Perfect storm for them to control the entire action. Perhaps forever.



Doing the work required to bring quality information to others: Rilo787, sneakypeaky, Tirunesh, BillyC49, Coopermun, OldTimer