Interesting. Please indulge me with a few follow up questions.
I think some of the brokers are just taking your money and marking down that you have shares. They never even purchase them. They create airshares.
So you don't think the MMs are involved, it is the brokers. How do you account for the recording of the transactions as they occur? Many people tell us things like 'that 545,000 sale that just went through was mine.' Those trades are listed by MM name, are they 'real' trades. or are they something else? he reason I ask is that the high volumes of sales that have been reported are from these transaction records. If as you suggest the 'air' shares are not included in these records then where are they accounted for?
It is beyond me how anyone can say that illegal activity is going to be reported by the very people doing it.
If what you suggest is true, how do you expect to profit from it? If the brokers can take your money and lie about buying you shares, what stops them from claiming you don't have any shares and never did? Why would they have to cover anything? If as you say it is impossible to track all of the electronic transactions all they have to do is insert a few false trades and viola, all your shares are gone. They could Create falls sell and buy orders in your name and cover their tracks completely.
You see, this is where I lose the logic of the concept. If the claim is that the brokers are the crooks who are cheating you out of your money, how can anyone expect these criminals to obey the rules when it is time to cover? Yet the conspiracists seem to think that when the 'squeeze' comes, they will be guaranteed a profit.
Conversely, if one expects the brokers to obey the rules when it comes to fulfilling their obligations, why do they think they are not following the rules now?
Thank you for the reasoned response, it is a rare occurrence on these boards.
