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Krombacher

07/29/22 2:54 PM

#351800 RE: ssc #351799

What's happening is that a long puts in a limit order that's good until canceled.

Then short sellers ping the order with tiny trades to cause the long to suffer commissions fees which are very large compared to the investment.

The long then learns his lesson and cancels the trade. This then gives the short the opportunity to ping lower.

If longs are interested in buying, they need to bid a substantially high enough price to get their shares. Unfortunately, as the shorts have discovered when trying to cover, there isn't an ask available for a substantial amount of shares for ANY price other than dollars.

And that is the reality that shorts must endure for infinity. No amount of pricing games will change that.

Krombacher