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Re: asdfu099 post# 20

Wednesday, 12/11/2013 9:08:23 PM

Wednesday, December 11, 2013 9:08:23 PM

Post# of 42
Thanks for posting the article. I asked my market maker friend about naked short selling of pink sheet stocks and his retail clients. He said for a while he tried to explain to retail clienst but finally gave up as in his opinion simply retail speculators in penny stocks love conpsiracy theories so much it wasnt worth him annoying clients with the facts.

He said he is not in business of speculating in stocks, just making the spread. While he may sell in the morning and cover by the close of market, he said ofc course there are some market makers who may stretch out a few days- but the increased restrictiosn from clearing firms and DTC on penny stocks,has an effect even on market makers.

where does a retail investor go to naked short sell a penny stock tradng udner $.05 ? do you have any articles actually stating an actual case where somone's broker borrowed a stock trading under $.05 ? could be, i just havent seen.



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