Post by
NorthOntKid on Jan 30, 2021 8:47pm
Naked Shorting
The real problem is Naked Shorting by the "Big Boys" (the brokerage firms and the hedge funds).They sell shares which they haven't borrowed, driving the price down all day long and then they buy back the shares at the end of the day at a much lower price to cover their selling at a much higher price and pocketing a profit. This is not legal but it happens every day!
It happened to BB on Friday. Why was BB down at the end of the day when all the American company's that Robinhood and Reddit were promoting were up?
The answer is Wall Steet doesn't like Candian company's even though BB has better fundamentals than the other American company's that Reddit is promoting to buy.
Am I the only one that finds it odd that there are days when 60-70% of the trading on BB is between a major Canadian brokerage firm and Anonymous? Who is Anonymous?
We the "Little Guys" need more transparency!
Email IIROC. I do on a regular basis.You should too.
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Comment by
blackhawk562 on Jan 31, 2021 8:43am
This post has been removed in accordance with Community Policy
Comment by
Hedgetrimmer on Jan 31, 2021 9:25am
I believe illegal in USA.
Comment by
blackhawk562 on Jan 31, 2021 10:39am
This post has been removed in accordance with Community Policy
Comment by
NorthOntKid on Jan 31, 2021 10:58am
Yup, you should if you want to take on the risk but that's not how it works. You should also know that the brokerage firm earns fees from lending your shares out. Nice gig if you can get it.
Comment by
NorthOntKid on Jan 31, 2021 10:58am
Yup, you should if you want to take on the risk but that@s not how it works. You should also know that the brokerage firm earns fees from lending your shares out. Nice gig if you can get it.@
Comment by
NorthOntKid on Jan 31, 2021 10:54pm
Why do they want to keep their name out of it if what they are doing is above board? We need more tranparency in the markkets, not more secrecy.BTW I am not a bagholder.