I was told by my buddy others have done this before. In fact he said it is widly known by Market Makers that this is the best way to shake naked shorts.
The problem is they can always come back...BUT The best thing to do, if you have the patience and it looks to work great in pinkie land, is to let them take your company all the way down as far as they can and then unleash the fury!
Can you imagine .05-$5 short....500k goes to you owe $50 million!
Not much chance they try it again.
Overstock could do it but how much would the MMs lose? Double, triple at most?
For large companies on Big Boards their best fight is to pay a dividend, do a buyback and make money. Return on Equity fights naked shorts.
The problem is Overstock is not doing really well. MM's have honed in on the prey and will keep attacking until Overstock is dead or produces.
Pinkies though don't have any cred anyways so they can lie in the weeds until they are ready to pounce.
We would not be inventing the wheel, just perfecting it!
"I say Good Day!" - Fez
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