Uncle,
I am not sure of this, but I heard in this "hot money" environment,
there is a lot of illegal shorting going on if a trader has a cooperating broker, with a fringe type house.. they can short it, close out before the end of the day, the compliance department, doesn't see it until the end of day or after the fact.. And the house looks the other way.. because everything is flat..
So these so-called shorters,, are actually flat now,, waiting to
go long on say a PRFM, if a gap down appears on Monday.. Their
shorting in a PRFM actually occured Friday, intraday..
BTW I don't have a position in PRFM but have followed the stock on this thread..
Comments from the Coug. |
