SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: dvdw© who wrote (3235)2/28/2008 7:30:47 AM
From: makeuwonder  Read Replies (1) of 5034
 
In simple terms the rule says the Market Maker can create a market in a security that's not trading but he's supposed to cover the position quickly. They have stretched the meaning of the phrase. I think what happened years ago was some broker saw no one checked out their short position after they failed to cover it. Then one thing led to another and word gets out. Then more doing it without realizing how huge this was getting. Now we have the end results of not watching what is going on. Money probaly kept their lips sealed.

Something like that. Which while simple is basically how it happened I think.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News