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bucks2pennies

05/01/23 9:07 AM

#16270 RE: MaverickDillon #16267

MD, I would like to think that is the case. Ideally, it is thought that the more retail traders buying in will create a shortage of available shares due to more and more traders hanging strongly to those shares. Ideally - in line with the concept of supply and demand.

However, shorting shoots that premise in the foot. Naked shorting allows those so inclined to borrow shares (unbeknownst to the actual owner of those shares), sell them and then buy back cheaper shares to replace those borrowed shares over a specified period.

In Pinkyland, it is easy to see that upwards of two-thirds of the daily trading volume is due to shorting. Nonexistent shares are bought and sold unrelated to the ticker's actual O/S.

Soooooo - what I am saying is that the MMs CAN keep GTCH from EVER reaching a penny and holding it. This 'ability' has NOTHING to do with a ticker's true value. Go figure!! Trade is so corrupted.