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Re: TheBigStockHunter post# 5979

Wednesday, 01/12/2011 2:07:56 PM

Wednesday, January 12, 2011 2:07:56 PM

Post# of 23361
By "shorts" I assume you mean other MMs, as I (at least through Scottrade) can't short stocks under $1. So, 2 questions:

1) Shorts are selling borrowed shares, or phantom shares, to etrade at .096, assuming they can cover later at a lower price. Is that correct, in your opinion?

2) Rather than buying at .096, and then "killing shareholder confidence" to drive it down to, say, .05, why not "foster shareholder confidence" and drive the pps UP to .20. They (the shorting MMs) make the same amount of money. Or is it just easier for them to scare people into selling rather than to encourage people into buying?
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