Pacific Gold Corp fka PCFG

[Probart]

Dear Wolverin1997. In order to understand this naked short selling thing a little better on pennies I have gone to some extremes in the past with experiments. A few years ago I did this:

Trading with two accounts I would place on a normal day orders on the bid and ask on the same day at the same time on the same stock (stocks that the boards were screaming, "Naked shorts"). Therefore I would be sitting on the bid and ask at the same time via two different accounts. From a third account (or via a friends account) I would hit the ask and then a little while later sell those shares at the bid and on all occasions the shares were either bought or sold out of my accounts. I.e. no one "naked sold me any shares," they were real shares out of real accounts.


However I have to admit that there are a few other things I did also to see how crooked the MM's are. These experiments are very telling but I will keep that as propritory stuff. It does not help to complain about this to the authorities or your broker or even you wife or partner, they are not interested and have no solution. The markets are set up for the "house" and only a few traders will ever beat the house.