inthecards: intersting theory.
How do you explain that other brokers that use the same MM as Ameritrade are still allowing PYPR buying/selling and UBSS is still showing up on both the bid and the ask?
"the MM that shorted the stock thinks that PYPR is like most all other pinkies and doesnt think he will have too much of a problem and believes it wont be too hard to cover the shares he shorted"
what the MM did not expect was PYPR to continually release more and more good PR's and for that matter report very solid financials
I don't foresee a job for you trading for a MM. ;-)
I just don't see the short position. The float here is ~1.6B according to the moderator. Now if we throw in rampant fictitious shares, that would put the float at ~2B shares (let's assume 400M NS shares based on TAKI's numbers from buyins.net). Taking into account the tightly held tradeable shares PRd by MT, and adding in an assumed 400M NS shares, the tradeable # of shares would be ~1B (500 - 700M not tightly-held free trading float + 400M NSS). Now I ask you, given the news releases, WHERE IS THE VOLUME? If there are 1B tradeable shares right now, you would think with the news that has come out there would be better than just a 200M share day. Trading less than 1/2th the 500M - 700M free trading float on blockbuster news is hardly abnormal. All IMO.