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Monday, November 01, 2010 6:21:15 PM
but low and behold, it wasn't the next day after but today, that the pps did get into the 0.006 to .007 band just briefly. i managed to snatch up some at .008 and was shocked cuz i put in a limit order at .009.
i do have a question about sharelockup:
does anyone really know if the MM's are prevented from borrowing against stocks with high sell orders? there are so many billion shares traded in tghe OTC markets, who would ever know? i mean, the whole system is run electronically now and the SEC would never know whether MM's sold stocks that have open sell orders or not - since their sell prices are set so high, they would never reach that level for quite a few weeks most likely... so why not borrow them for just a couple days, ehhh?
can anyone point me to the legal black & white rulebook that shows that this is illegal?
i'd like to see it in writing rather than just assuming what people say on the internet (that the MM's can not access these shares that have open sell orders) is true.
if indeed, they can not touch these shares, great!
but i also have a feeling that the MM's can do whatever the heck they wanna do, provided they don't get caught.
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