Replies to post #13316 on Platinum Studios (PDOS)

[investmn]

You're opinions are you're opinions, but this part of your post is incorrect:

"MM's shorts are generally smart and when they see an over valued share price they will attack it voraciously. this stock is drastically over priced."

Market Maker's do not have "shorts." They also have no opinions on where a stock will go or how is is valued. That is the entire point of a Market Maker, to be a independent third party that is unbiased and to make money from arbitrage.

Everyone always blames the Market Makers when a stock drops. This is simply not true. They will do everything they can to pick up as many shares during the trading day as possible with the highest spread possible. Like I said earlier, naked shorting by Market Makers is manipulation and should be banned. You should never have the ability to trade shares that do not exist. I would say that the Market Makers buying to cover low and close out naked positions, combined with the doom and gloom debt problems, shorters, and people trying to get in lower, makes for a very ugly day so far.

The only stock I have right now that is not down is one that the DTCC warned not to trade until an ex-CEO SEC investigation is complete and the shares are recounted. Everyone's gone CrAzY today!