Obviously you know what he is talking about. What is your obsession with SHORTS?
With the Billions in the float, NITE figures he can sell shares he doesnt have, looking to buy them back later.
When FFGO starts to run(which it will), NITE will be caught with his pants down. Yo Comprende. And if you tell me naked shorting is not allowed, i'll have someone tell you it does... YOU!
Posted by: janice shell Date: Sunday, August 10, 2008 7:41:52 PM
In reply to: Chas56789 who wrote msg# 37108 Post # of 67870
Also Janice are these Maket makers on these pinksheet stocks rolling their Naked Short to one another to avoid becoming a threshold security or have they all covered ?
HUH?? Why would they care? They are ALLOWED to short naked in order to make a market and provide liquidity.
As noted, MMs don't like to keep any position open long. Among other things, doing so wouldn't make them any money. They make money on the spread.