From what I understand it limits the MM's from naked shorting the stock. If everybody has limit order to sell on thier shares they would have their hands tied and could not naked short..
Nez,....I'm always up for an experiment. Naturally, not everyone will cooperate, but is a nimber of LARGE shareholders do what you are saying we might be able to find out.
We would need to give everyone time to see the "kick off" post and then execute. It should be done within a small time window to validate/invalidate what you are hypothesizing happened.
It's Just after 1p eatsern now. What do y'all think about putting in those orders between 1:45p eastern and 2p eastern??