>> hard to know how much it goes on <<
  In issues without converts, 2007.
  But, back to your concept.....    thanks for the context, lends such credence, ya know?
  Buying and selling from themselves in the open market?  Why?  Massive share numbers, all ex-clearing.  No, don't think so.
  It will be fascinating to learn what the story is, re. Black Bear and prophylaxis.
  Several years ago, I proposed that shares of a "convert-bearing" stock were being sold short, naked.  They were, reg-sho-list-verified and all, founding member.  The mechanism has been widely described, and it is indeed "electronic counterfeiting".
  Several (many!) years ago, to you personally, I described the practice of shorting into an offering, and using shares from the offering to cover.  That is now a widely accepted practice, and S.E.C. is cracking down on some naked abuses.
  Recently, I've described intra-quarter abuse, and the covering of imbalance blocks with naked shares.  Where TF do you think those big Street bonuses come from, commissions?
  If you watch trading, and you see that someone is cheating?  Why not try to describe how it might happen?  You might be correct. |