Hmm?
$RiskOn International(ROI.US$ Will retail ever win here? So many pops. So many times SS’s rush in to drive it down!
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Minifunston : What we need is a gigantic white whale to come in and help out.
Trytosaveabit OP Minifunston : Yup, that may do it. GL
Zahid007 : yeah look at shorties they are doing this since many weeks still desperate to take it down
Trytosaveabit OP Zahid007 : Actually they been doing it for months! It just the last few weeks they are doing it more often as you say! GL
Zahid007 Trytosaveabit OP : yes true why and how they doing it so confidently ?isn't it unethical and illegal ?
Trytosaveabit OP Zahid007 : When it is done by what’s called naked shorting. Yes it’s absolutely illegal! But for some reason it seems the SEC very rarely does anything about it? Once in a while they fine those big firms that do it. But they have so much money that they just look at the fine as the cost of doing business. Because the fine amount is nothing compared to what they make doing it! Grrrr
Zahid007 Trytosaveabit OP : it's like SEC also take their part in scam
Trytosaveabit OP Zahid007 : I’m very cynical! But yes I feel the same way at times. If the SEC would just look at the amount of FTD’s at times with certain tickers. They would absolutely know what’s going on but that don’t do it. So either they are blind and don’t care? Or complicit? And either one is not acceptable at all!!!!!!
Zahid007 Trytosaveabit OP : simply short selling option should be illegal
Trytosaveabit OP Zahid007 : That’s a much longer and intricate conversation! But for argument sake, I pretty much agree with you