You are absolutely right on this. I think spoofing is just a bait for the 8 accused MMs and so far they seem to have been hooked up -- wrangling around desperately, because spoofing surely will be readily proved and the MMs will definitely pay for it.
But how munch is the next question. Because I am 100% sure they have been much deep in manipulation as you suggested, ie, naked shorting for years, they must pay unprecedented sums of money, in billion if not billions to settle, because they would not prefer discovery going forward, which will lead to exposure of their whole dirty laundry in the public eye, which will lead to criminal cases against them from multiple angles, including the government.
We will just have to wait for this to comes to fruition. Buy, add, and hold.
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