I'm almost at the verge of wanting to dump my shares.
The small investor can't compete against NITE.
Every day NITE is slamming my head into the boards.
NITE can sell short to their heart's content.
One million shares, two million shares, five million shares......there's no limit.
The more that they short, the lower the pps drops, the larger the gains on their short position.
same with me but I thinking they are shorting for some warrant hold that is my guess. Could they be allowed to naked short millions on there own gain.. Naked shorting is not allowed. my guess warrant holders are locking in there gains they do not risk like we retail guys do. they have almost a 80% gain or more on 6 mil shares that could be about $5 mil . that is good. this was given to them for there investment in ttnp . free money lets say I would take it.. the question is someone is buying all those shares that is a great thing lets hope for great ADCOM and approval. lets hope for rise in price when this is all over
Naked shorting rules don't apply to market makers.
They have free reign to screw investors.
How can a MM make a market in a stock without being able to sell shares (short) to meet an imbalance of buy orders?