Harr and Hurley;
As to your reply about the Uptick rule being taken out in 2007, a rule that was put in place way back 70 some years ago after the Great Depression, Even though the SEC Took the rule out like they did, they put other things in place to monitor Hedge Fund activity, they basically felt that the rule wasn't doing the job it used to in our modern day trading platforms. I personally don't agree with what they did, but anyways my point that I was making in my post is this, (and you have to have somewhat of an understanding of how they Police short-selling in the Computerized age we live in.)
Even though the 1930's uptick rule was taken down, many of your large exchanges still implement it to a certain extent, it's kind of a complicated mess really, because you've got the SEC on one side saying they are not enforcing it, and then you have Bigwigs on some exchanges telling large clients that they are keeping it in their own rules. Kind of like Big wigs knocking heads. I said all that to say this;
The Hedgers playing their Monopoly game on the shorting of Penny stocks and OTC stocks is still going on, worse than it was before the SEC took the rule out, BUT THE LAST THING THESE HEDGE FUNDS WANT TO DO, IS TO DRAW ATTENTION TO THEMSELVES, AND WHAT THEY ARE DOING. PUT IT THIS WAY, IF THEY JUST STARTED SLAMMING PENNY COMPANIES INTO THE GROUND, THEY WOULD LOSE STOCKS THEY MAKE MONEY ON FOR ONE THING, AND ALSO BE DRAWING ATTENTION TO THEMSELVES BY THE SEC, SO THE HEDGERS NEED THE UPTICKS IN THEIR T&S PRINTS, TO MAKE IT LOOK LIKE THEY ARE NOT MANIPULATING THESE STOCKS, WHEN IN TRUTH "THEY REALLY ARE BIGTIME". THEY ARE USING THIS RULE BEING TAKEN OUT, TO THEIR ADVANTAGE BY COVERING UP WHAT THEY ARE DOING, BY KEEPING THE T&S PRINTS LOOKING GOOD. Why do you think they Fill so many Buys at the Bid? Because they are Shorting at the ask, everytime they fill a buy from the bid, They make their Short-sell sale at the ask, and on the T&S it looks like a BUY. This way, they are getting away with even more than they used too, and doing a dam good job of "HIDING IT IN PLAIN SITE". It's unreal how these Bastards are working the system, but don't kid yourself, they are here, and the Biggest thing they want to accomplish (Besides making Millions), is making Average Investors Believe that they "ARE NOT HERE ON THE PENNY STOCKS DOING ANYTHING". The Devils in the Details, and like that old saying goes, "THE BIGGEST LIE THE DEVIL MADE PEOPLE BELIEVE; 'IS THAT HE DOESN'T EXIST".
You can compare that saying to Hedge Funds, Short-selling Penny stocks, in a BIG Way.
Merry Christmas to anyone reading this.
