But tell me somebody sold half at $2.50-60. i am absolutely naked shorts will be applied and this will be close to $1.50 just as easily as $3.00
hey rowdy, please confirm your position on naked shorting. i have researched it, and it appears to be completely illegal. it shouldn't be, but it is. also, major firms use them.. They just don't want anybody to know. they sell shares that don't exist and then have 3 days to cover. what a crock of bs.
The Market Maker for ROYL is Knight Trading Group. They are also a MARKET MANIPULATOR WITH A HFT TRADING SYSTEM. They can naked short, and they do that often, especially with low float ROYL
.As a market maker they can see all the orders and they like to drive the share price down, 100 shares at a time and pick up stop loss order shares and then spike the price down once or twice to scare day traders into selling, They will then run the price back above their starting price and sell all the newly collected shares in a run up with spike ups where they generally pass over offered shares, even though the displayed ask price is higher than you are asking.
After they have sold all the shares they had collected, they will then bring the price back down to where the sell orders are that they passed over in order to make sure they sell their own shares first. Now they will buy your shares and other shares they passed over in the run up. The market maker will then turn around and spike the price once more and sell all those shares they had just bought. Knight will often pull your sell order and just hold it so you will not have a chance to change the order.
It is the Market Maker that can legally sell shares short they do not have also known as naked shorting, but clearly others get away with it, check buyinsnet to see the proof, but the MM's are allowed by the SEC three days to cover. Market Makers get special privileges, it is still wrong.
You are 100%... it is the MMs only that can perform naked shorts. Combine that with next to zero trading fees on a given exchange.... IT IS WRONG AND SHOULD BE ILLEGAL. ROYL WAS #1 ON THE NAKED SHORT LIST IN 2008 AND THEY TOOK THIS FROM $14 TO $2 IN A DAY.
i AM ONLY SAYING IT MAKES SENSE TO FLIP SHARES. BECAUSE THEY CAN AND WILL TAKE THIS`TO $1.50... I AM WAITING
I just told you what the trader from my WFA said, they will not even give you 3 days (settleing time)!
Are you getting ready for all thast water coming your way - we arte going to be in the 70s by SMonday and with some more rain on top of the melting?
Out I go to get my Lillies flower bed straightend out, the Tulips are already 6 inches high!
A quick point... guys like you and me can't naked short... only the big boys. I think the SEC gets a cut of the deal. My road is right on the Mississippi. It was closed the other day. Houses half way under water along the river. The Rock River at records high in the Quad Cities.
I live right on the mighty Mississippi, but 170 feed above it on a cliff. WOW... THE CRAPPIEST SPRING OF ALL TIME.