I doubt it. "Interested Parties" (say: gvn, TBTF) simply driving down the PPS, as no serious buyer around. Whoever has some shares, simply keeps them tight.
Standard trading pattern: Some "interested parties" buy in beginning, and dump later on. Might be covering shorts from previous day, might be dumpsters for today. Already doing this for a long time, in case, no news around. As volume is low then, this works to depress the PPS a few pennies per day. However, you might do some day trading, taking advantage out of it :-)
Not lost, but invested to be dumped, to depress the PPS. Usual trading pattern, in case of low volume. Just new here ?
When I was a boy, I liked to read fairy tails from Grimm. Now I read fair ytails from Carney.
Could be back and forth, done by the careful buyer. Not to let price zoom up. And to lure some retail into selling, if possible. Will not work for me, though :-)
Some smart lawyer should show up here. I would participate in a class-action against the naked shorts.
I agree, that "tremendous" gains will be after positive court ruling only. As also one or another of the retails might risk something then. And not many shares floating around. Until pos court ruling(s), some funds, which dumped/shorted in the past, might risk some careful re-buys. Especially shorts might be willing to cover, also because of recent ruling regarding naked shorting, which might dampen their will to depress PPS this way. Thinking positive, I expect just slow move up, similar to the bleeding, we had in the past.
No naked shorts, of course. However, I have nothing aganist normal shorting, assuming 1) First borrow the shares, then short 2) Explicit permission of owner of shares to borrow to shorty. Actually, in case you have a margin account at E*trade, at least, your shares can be borrowed and sold against your own position. Only to be prevented, in case of cash account.
Yes. And just "by chance" it was exactly during the time, the financial crisis started to be going public. So the same entities, who started the crisis, who had a lot of sceletons in the closet, could SHORT the market, then release some bad news about the crisis, and cover after market tanked. Wait a bit for recovery, SHORT, SHORT, SHORT again and release another small fraction of bad news. After next market drop, cover again. Easy money (again).
Can not agree on this. Instead it is the typical "downtrading" of SHORTs. Buying into open of market, and then selling. Only works on this low volume, of course. Question is, who are these SHORTs ? I figure, these are gvnmt and TBTF, both interested in low PPS.
In Germany, first of all the judge has to rule according to the law. However, in case the judge has the impression, the law, he has to obey to in his ruling, is against the German consitution, the judge can directly ask the Constitutional Court to confirm this law to be according to the constitution, or not, in which case this law is nullified. Happened a few times already. Suppose, something similar is possible in the USA, too.
When sweep is unwound by court(s), then the question arises, how to deal with the 10% interest on the bailout money. So, about $50 Mrd. have been paid on top of the "bailout loan", but interest payments have to be taken into account, to be deducted from the $50Mrd. As a consequence, much less than this to be returned to the twins.