Eric, MM's keep on screwing with SFLK. Proposed solution...
I was watching my screen at 14:45:
last sale: 4 1/8 - bid: 4 1/8 - ask: 4 1/4 - total vol. 19,600 shares.
Then 4,500 shares sold at 4 1/8. At the same time, in a blick of an eye, the bid went down to 3 7/8 and the ask to 4 1/8.
I am getting tired of MM's walking down the stock on low volume days and will file a complaint to the enforcement arm of the SEC on this very matter. The more complaints, the better, so that the SEC start regulating the actions of the crooked MM's, like they are rightfully doing to control small caps companies, as reported in a recent post.
Investors are responsible for policing their means of investing and should report any wrong doings, as they see them happen. And that includes conspiring to manipulate the value of stocks for one's own benefit, as happened recently on this thread.
The best way to stop shorters from plying their trade, is simply to take delivery of your stock certificates, particularly if you are in a stock long term, like SFLK. This cost a few bucks, but can save you several thousands of dollars, without mentioning the aggravation.
If you think you might sell 50% of your stock when it doubles, then get certificates for only 1/2 your holding. Other possibility, although not as good: hold all your stocks in a cash account, NOT IN A MARGIN ACCOUNT!
If everyone on this thread goes along with these suggestions, the stock could easily jump up a couple points next week.
Regards, F. Goelo + + + |
