market makers make money off volume and almost always lose money off trying to control prices. Any power they had over the pre-2000 markets has completely eroded with electronic trading birect through the various exchange access like ARCA etc.
In many cases, we are the market makers. Until yesterday I owned 1% of LEDS (sold half on a spike and this time it did not come back down) and I had buys and sells in. That is de facto making a market in the stock except no sane MM holds 1% of anything.
Normally I'd also laugh off 'short stories' having been totally toasted by one, but in this case I know it is true. I tried to short NKLA (covered by the warrants) to lock in the arbitrage and there is not a single share to be had (last week). I can ask again today, but there is no point. If shares were available the big shorts would have had at it already or a hedge would have beat me to the opportunity and would have bought the warrants up till they could not make money on the disparity.
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