SpyderCall :
That is leverage for ya. If there is demand for short contracts, then institutions will write up as many contracts that investors are willing to buy. The excess of shorts compared to the total amount of available shares just shows you how leveraged investors are. It happens all of the time. Especially with these low-priced penny stocks that rip 300% in one day. Short interest should drop dramatically pretty soon. This high short interest is unsustainable.
Piggy Bank TraderFANCY PANTS:
A man with a brain!!! That’s why big money wins and retail generally loses! They don’t understand basic numbers or the law and what is and isn’t legal - they call it fraud or manipulation.
ur wifes boyfriendOPPiggy Bank Trader:
its just odd to see the short vol to that high in one day and it to be higher than the free float. this does have ftds and looks like its been shorted heavy the past year. we know that theres regs that are broken by instutions as the sec does fine them but doesnt stop them. But I honestly don't believe there is one hundred percent honesty going on with this particular stock for sure
Piggy Bank Traderur wifes boyfriendOP:
Well I agree and have always agreed with you on that. 100% honesty doesn’t exist. When laws were written for trading and the stock market, retail didn’t have all the tools it has now. Laws were written with a lot of gray areas in them because MMs had to adjust and be able to keep liquidity and orders flowing. Now that retail is in and you have many professional traders trading from home and 10’s of millions from their phone, it did disrupt some things. The SEC has to change slowly because if it changes too quickly and starts implementing new laws then it will scare the market and could crash it, or writing a new law could close one door but then open a worse loophole. Ever since man has been on Earth that’s how it’s been. The powerful retain power by controlling the laws. That’s in any country, and period of time.
ur wifes boyfriendOP :
SpyderCall : That is leverage for ya. If there is demand for short contracts, then institutions will write up as many contracts that investors are willing to buy.
The excess of shorts compared to the total amount of available shares just shows you how leveraged investors are. It happens all of the time. Especially with these low-priced penny stocks that rip 300% in one day. Short interest should drop dramatically pretty soon. This high short interest is unsustainable.
MuscMoo : shady
FANCY PANTS : Just like day traders, shorts can open and close a position multiple times throughout the day.
Piggy Bank Trader FANCY PANTS: A man with a brain!!! That’s why big money wins and retail generally loses! They don’t understand basic numbers or the law and what is and isn’t legal - they call it fraud or manipulation.
ur wifes boyfriendOP FANCY PANTS: i could see that as a explantion
ur wifes boyfriendOP Piggy Bank Trader: its just odd to see the short vol to that high in one day and it to be higher than the free float. this does have ftds and looks like its been shorted heavy the past year. we know that theres regs that are broken by instutions as the sec does fine them but doesnt stop them. But I honestly don't believe there is one hundred percent honesty going on with this particular stock for sure
FANCY PANTS ur wifes boyfriendOP: Check out $Smart for Life (SMFL.US)$ . Same thing happened to them. 6M short volume on a 1.7M float. 48M total volume for the day.
Piggy Bank Trader ur wifes boyfriendOP: Well I agree and have always agreed with you on that. 100% honesty doesn’t exist.
When laws were written for trading and the stock market, retail didn’t have all the tools it has now. Laws were written with a lot of gray areas in them because MMs had to adjust and be able to keep liquidity and orders flowing.
Now that retail is in and you have many professional traders trading from home and 10’s of millions from their phone, it did disrupt some things.
The SEC has to change slowly because if it changes too quickly and starts implementing new laws then it will scare the market and could crash it, or writing a new law could close one door but then open a worse loophole.
Ever since man has been on Earth that’s how it’s been. The powerful retain power by controlling the laws. That’s in any country, and period of time.