GSDT Fintech Group Inc. (GSDT)

[art35]

I read the last few hundred posts and noticed quite a few were pertaining to the "short" position---

Yes, we have a short position,,, but don't confuse the mm who is executing trades with some one who is shorting ----

The mm is doing his job---he does not have an "axe" to grind---he could care less which way the price goes---he makes money by "making" a market ----

If someone or some entity is feeding him sell orders , he executes them---It is up to the Seller to either put up shares or put up the margin money and if he fails to deliver then the mm can cover "his short" by buying him in at the current mkt price---

This electronic short business gets tricky b/c it very easily overstates the float---a problem we did not have prior to "electronic trading"

Electronic covering can be an experience---I once had a $6 stock go to 21 1/4 in one afternoon---I can hardly imagine what a penny stock can do , since we are dealing in millions of shares---

When I was on Wall Street a "good" day was 250,000 shares traded all day on the NYSE---and the mutual fund column in WSJ was a single column about 6 inches in length---

cheers