Very educational by Ex MMaker of who does what.Lately these MMakers are trying to wipe out all OTC little companies.
Ameritrade has restricted over 200 stocks from buying from the internet.You can sell but not buying=Total BS.They say they are doing it to protect investors.LMAO.Protect us, or make us lose the rest of our investment, as you are trying to protect the MM trader that is naked short bigly in the stock.
So by stop buying in the restricted stock what happens?
No buyers,so prices will fall lower, and the people that hold the bags, will get discourage and exit by selling at losses.
While the naked short seller MM will cover his mess.lol
Even if you have accounts with other brokers it probably not make any difference as the big volumes come from Ameritrade, and if they stop the buying,in certain securities, other investors from other brokerage houses, will not want to participate.Read below to see who naked shorts and makes the big $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$.
Regular investors will not sell short triple Zeros stocks or double zero stocks fellows,as there is to much risk and needs huge amount of capital, and hard to borrow these little stocks
Read bold below very educational.
Message 22669109
18 believe that the following information may be of value.
19 Back in 1995 there were approximately 5,000 broker-
20 dealers in the United States and of those, only 500 or so were
21 licensed, capitalized and registered as full blown NASDAQ
22 market makers. I was one of them. These firms have the
23 ability to move stock prices up and down as they see fit. As
24 a market maker I was privy to information and trading
25 exemptions that no one in the public has access to. I know --
1 I knew about FBI and SEC investigations and I knew other
2 traders and market makers who knew the same information that I
3 did and we all traded.
4 Here in this country to short a stock you must first
5 borrow the stock. This is called an affirmative
6 determination. Then you sell it. Then you buy it back to
7 replace the shares originally borrowed. However, since those
8 who are running a scam know that they are running a scam, they
9 usually don't let their shares get out to be loaned out and
10 they insist on other shareholders to do the same. This
11 prevents average people such as me or anyone else in this
12 room, in the courtroom from being able to short any stock we
13 suspect is a fraud.
14 Here in this country the only people who could have
15 shorted BioPulse, the company that claimed to cure cancer with
16 urine, were the NASDAQ market makers. The only people who
17 could short Seaview and the ridiculous underwater surveillance
18 cameras were the market makers. Traders at these firms are
19 completely exempt from these artificial, meritless and bizarre
20 requirements, they can short any stock at any time for any
21 price for any reason without borrowing a share.
22 When I quit the NASD and became a private citizen
23 trading my own capital, I thought it was exceedingly
24 anomalous, indeed, perverse in an economic sense that I had to
25 trade in Canada to be on a level playing field with the
1 members only club run by the NASD. This is precisely why only
2 a tiny, tiny fraction of my site members, those who qualified
3 and opened a Canadian account had the ability to short any of
4 the obscure bulletin board stocks in this case. That is why
5 the government was forced to include unknown traders and hedge
6 funds from an unknown and top secret chat room. Average
7 Americans are locked out, they are frozen out from earning any
8 of the billions and billions of dollars these traders get to
9 split up amongst themselves. And that is why 99 percent of
10 all naked short selling then and now is done by these 500
11 market makers. It is a rigged system and that was my real
12 message. I wanted to get the average person interested in
13 participating in something that for 215 years has been
14 unavailable to them as Americans. |
