They can because Market Makers can trade back and forth with each other and go naked legally. The illegal stuff from hedgies and prime brokerage houses sometimes gets attention they do not want. Even crooks will cover if the heat gets too hot to handle. Time is on our side and we will win. The tiny float is a ticking time bomb. I have never been in a stock with a lower confirmed float than this one. These do not come around often but the last one I played with a 12 million float went to .55. in only a few days. I think this one goes much higher. There are some big players here. I could easily sell some stock a put a hundred thousand in here tomorrow. Cowboy knows me well and he can verify that I am not blowing smoke.
Posted by: sonic2007 In reply to: coydog who wrote msg# 17059 Date:4/18/2007 3:12:30 PM Post #of 17649
Coydog, I have a question in general about the naked shorts. What would keep the naked short MMs from taking down a stock from pennies to subpennies. It seems that they have unlimited fake shares to use and can always tilt the game in their favor. Seems like they could keep selling fake shares without end until the price is low enough for them to cover and make a good profit.
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