OldBen, when someone put in a trade to buy 10 million shares FFGO stock at the ask, how do you think the trade got filled in seconds after someone placed it?
This stock had 8 MM's before it was revoked, which means all trades were routed to them and your broker had no idea which had 10 million available to cover your trade. If your broker routed your trade to nite, and he only had 3 million shares available, golly gee, your trade still filled in seconds because he is a listed FFGO MM. Now nite has to contact one or more of the other 7 FFGO MM's to cover your trade, and here is the important part, it is listed as SHORT, because nite only had 3 million shares available at the time of that trade. All these trades are covered within minutes or hours, but they will still show as a short sale because the MM was short at the time the trade occurred. The daily short list promoted on many boards as an actual short is nothing more than a promotional tool. - underdog150
Interesting theory! Problem with it is, when the short volume was 100% on any given day, it was NITE, and only NITE, filling on nearly all occasions. There was an occasional fill by ETMM. In fact, it is very easy to tell that it was NITE, ONLY on certain days!
If a 20MM share buy came in, and NITE's offer at $0.0001 dropped by 20MM, then one could be 100% certain it was NITE filling the order. NITE was offering hundreds of millions of shares, at $0.0001, on a daily basis. No need for NITE to contact one of the other 7 MM's, on the offer, when NITE had so many shares offered. 100% confirmed that NITE's offer on Level 2's was reduced by exactly as many shares as they shorted on any given day.
Good Luck!
Please research all stocks before investing. My posts are my opinions and are not buy or sell recommendations. Always force abusive short sellers to cover above what you paid. Build wealth for fellow iHub'ers!
AI
