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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?
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To: dvdw© who wrote (3999)11/27/2008 11:36:33 AM
From: rrufff   of 5034
 
I think you have it but it's even more pervasive. I've been playing options, taking advantage of the volatility of the market. Often, I'm the de facto MM, because of the wide spreads. The option MM's claim to need the exception to naked shorting to provide narrow spreads and liquidity. Anyone who trades options knows that this is a joke. Anything beyond minutes (not days, weeks, months for fails to deliver) is really ludicrous.

In any event, I'm often amazed when my relatively small bid or ask placed better than the MM (between the spread) is met with hundreds of the same at the same time. Even if I am first, I don't get filled first somehow. Often I will play games bettering my bid or ask by the minimum change and then suddenly pull the order. It's funny to see the real MM's pull their orders at the same time.

This can happen sometimes with low liquidity stocks, but the options market really is a joke.
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