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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?
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To: basserdan who wrote (4285)3/20/2009 3:40:04 AM
From: ogstel  Read Replies (1) of 5034
 
Decided to skim through the posts at deepcapture. Found that the market maker shares sold short are marked "short exempt" and not counted as failures. And reports of failure are a day after settlement so 4 days after the trade.

So the 2M plus day was too soon for any hedging of shares from selling puts and that hedging wouldn't have been reported anyway. I would guess that the 14M high point was rather less than the actual failure figure.

It appears that the naked short selling started before the put option purchase. Seems likely that the purchaser either knew of or was doing that selling.
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