I have been watching all day and someone is sucking up this dumping! Where are all of these supposed shares coming from??
I think Azar is continuing to BUY. I don't know when he will stop considering he started around $11. If it was a buy there its a BUY at $8!
Is anyone else actually watching the trades??? We have buyers clearly. I am seeing alot of buying into the ask yet they drop it on very little selling into the BID.
Can't win when its rigged. Like I have been saying clear manipulation. NOT enough tradable shares for this to be going on.
I am watching and the buyers are buying! Azar is a smart man buying the way he is! In the end he will prove what the MM's are up to. We have a guy sucking up millions of shares yet we keep going down.
Here soon Azar will have more long shares himself then how many short shares are out there!
It becoming clear to me the MM's are involved. Watch the big asks that show up and get bought but then someone sells a few thousand shares and they dip the stock almost .10. Very unbalanced trading going on. Clear manipulation!
The shorts days are numbered. More form 4's coming shorties!!
Yeah he has accumulated over 2.5 million shares yet all these shares are being dumped???
The math does not add up!!! Illegal market activity is the explanation!
Here is the breakdown of major holders:
Azar: Over 4,000,000 by now
Tai Kwok Leung: 1,173,757
Azar has enough money to buy another 4 million at these prices. Would it not be funny for him to accumulate 2 or 3 million more and have 6-7 million then the shares locked up would be over 20 million leaving less than 3 million tradable!!
Plus Wellington will continue to add getting it below 2 million. Then their would be no doubt illegal naked shorting and phantom dumping has been going on!
Have they got so desperate they are selling shares that don't even exist?? I mean over 4.7 million is short! Research phantom shares and you realize it does happen. We have a big buyer who has added over 2 million shares and continues to add yet we are down over $3 from his intial purchase????
You tell me a better explanation giver over 17 million shares are held by funds and insiders???
Please advise me where and how I can get in on that deal to sell shares that don't exist. Let me know where or when a naked short can be originated because none of the four brokerage houses I do business with can make it happen. I have short selling buddies and none of them have any ability to do naked shorting and haven't for several years.
Who is allowing an illegal sale to happen and how is going on?
You are so sure of something that you know nothing about. I know a lot about it, I trade with people who know more, I talk directly with traders for large hedge funds, and none of those peole agree with you. Everyone in the game is fully informed that naked shorting is virtually impossible if you aren't a market maker. I can give you the rule book from the SEC which says it is illegal. I can give you the reports from the clearing houses that prove no illegal sales are occuring. I can show you the public numbers on the FTD's and the total outstanding short positions. What can you provide? Your loud and repeated ignorance carries little weight.
The very simple reality is that shorts cannot initiate a position naked. They become naked only when a lender recalls the shares used in the short sale.
And as a side note I had 14,800 shares bought in this morning at IB. Forced buy in to comply with Reg SHO.