MAXGLAZERYes I'm a novice please take me under your wing! lol Lets put your money were your mouth is? Tomorrow before the open put up to buy
2,000,000 @ .065 @ 9 am sharp and leave it for
half a minute and once you cancel it I will top that
by a double?
For an expert I'm sure $13,000 is chump change! and then
I will put up an order for 5,000,000 if my
mom lets me.
If you can't scrap $13,000 together then your a loser and no one on this BB will ever believe you! Better yet! why don't you go higher just to show truth. You have nothing to lose because the market is
closed till 9:30.
So fire up your platform and be a man! all eyes are on you and if 2,000,000 go up and down and 5,000,000 or 10,000,000.
Will the real loser please NOT stand up! Everyone will be watching.....
ALL TIME BEST!!!
I'm not going to mention the stock but this actually happened as I sat watching my platform (PRO) or should I say (PRESIDENT) .
TD put an order into sell 750,000 within a 10th of a second it was canceled and CIBC put up the order of 750,000 and with in a 10th of a second Nation Bank and then Anonymous and back to TD within less then a second. Now thats totally illegal but I don't care but it sure shows how transactions can be done.
Now we have BMO here which everyone thinks is selling from the recent PP which would be totally illegal because of the 4 month holding but BMO could NAKED SHORT now or just SHORT out of BMO pool to be replaced when the 4 month marker is over.
Someone will call the OSC and have BMO investigated to being legit and I hate ICEBERGS but I don't rat.
Who knows unless they call to be investigated
https://www.osc.gov.on.ca/en/home.htm
Entering into, or purporting to enter into, transactions to give the appearance that purchases and sales have been made, without incurring market risk or changing the trader's market position. The Commodity Exchange Act prohibits wash trading. Also called
Round Trip Trading, Wash Sales.
Naked short selling, or
naked shorting, is the practice of
short-selling a
financial instrument without first
borrowing the security or ensuring that the security can be borrowed, as is conventionally done in a
. When the seller does not obtain the shares within the required time frame, the result is known as a "fail to deliver". The transaction generally remains open until the shares are acquired by the seller, or the seller's broker settles the trade.
[1] Short selling is used to anticipate a price fall, but exposes the seller to the risk of a price rise. Naked short selling has been illegal in the United States since 2008, as well as some other jurisdictions, as a method of driving down share prices. Failing to deliver shares is legal under certain circumstances.
[2][3] In the United States, naked short selling is covered by various
SEC regulations which prohibit the practice.
[4] Many advocates on both Wall Street and Main Street, including
Overstock.com's
Patrick M. Byrne, have advocated for stricter regulations against naked short selling. In 2005, "Regulation SHO" was enacted, requiring that
have grounds to believe that shares will be available for a given stock transaction, and requiring that delivery take place within a limited time period.
[2][5] As part of its response to the crisis in the North American markets in 2008, the SEC issued a temporary order restricting short-selling in the shares of 19 financial firms deemed systemically important, by reinforcing the penalties for failing to deliver the shares in time.
[6] Effective September 18, 2008, amid claims that aggressive short selling had played a role in the failure of financial giant
Lehman Brothers, the SEC extended and expanded the rules to remove exceptions and to cover all companies, including
market makers.
[7][8]