Were they represented as volume to the public? Don't think so. I call that missing volume...what do you call it? I thought in order for a "game" to be fair, both sides have to have access to the same data, no? Ex-clearing is how they hide their activity.
The Jeffries stock didn't "go missing"; the trades, which were long sales, were settled.
The fact that they settled eventually is of no consequence. When did they settle? T+3? Doesn't sound like it. Aren't you supposed to locate before you sell short?
Shorting penny stocks is incredibly risky. They can run at any time, and they can run big.
Right, which is why naked shorting is used to counter that incredible upside risk. Without NSS, you really couldn't even short microcaps...that's why it's the "strategy du jour" for the off-shore hedgies that build their models around microcap shortselling.
Getting caught short when a stock shoots up 20 times is an extremely painful experience, I should think. There are better ways to make money.
WHAT???? When you have the SEC and media in your pocket and an impenetrable cloak over trading data (aka. THE DTCC), in addition to ZERO short interest reporting and MM shortselling exemptions at your disposal, I would think shorting microcaps is quite a lucrative business...well, until now at least.
AI
