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Re: geoiguy1 post# 21260

Wednesday, 12/15/2010 4:35:43 PM

Wednesday, December 15, 2010 4:35:43 PM

Post# of 30927
I'm displaying my ignorance here: I thought penny stock orders were handled electronically, without a personal presence of market makers.

How can MM's short a stock, or is there built into the software they use the ability for them to short by keying a signal.

I hear traders complain about the scumbags business owners who dilute, enter into convertible debt, etc., yet more money is lost to those marauding pirates who call themselves traders of some ilk, who swoop in, hype newbies into buying the shares they want to sell, then vanish.

They are no less morally or ethically responsible for the losses incurred here than the scumbag owners of scam companies.

But they call it a chessboard, and bagholders are pawns, in this case lured into playing by trader-spread bullshit so that traders can harvest the crop they fertilize.