How can a market have any integrity when there are parties (MMs) allowed to short a stock ad infinitum without determining if there are even shares avaiable to sell...and then no requirement for the short position to be covered.
Finally with this issue being addressed with the new SHO regulation, we can get back to the basics of a true market where the laws of supply and demand determine the value of a stock.
If there are parties who sold ENGY short and can't now locate shares to cover their positions...too freakin' bad for them. Come January 28th when they're forced to locate shares this could get real exciting.
You should have seen the pumper turned basher who used to moderate this forum...pumping when the dilution was going on a few years back...and bashing after a significant short position had been established imo.
I can't help but think there are alot of OTC traders who would like nothing better than to pile on some naked short sellers. Especially those who got trapped in any number of OTC P&Ds this year. I keep adding to this post...I'm going to conserve my posts tomorrow...if it turns out anything like the day we just had I'm gonna be in a real good mood.
yeah...i'm ledrog on RB
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
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