A lot of orders are fakes.
Have to know what's real and what's going to disappear in a flash.
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Replying to @MasterBJones and @traderbjones
I see different order books on WB and TDA
I find TDA to be more reliable
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You’ll see the same frauds on the Nasdaq capital markets as you do on the OTC pink sheet stocks. The Nasdaq has three tiers and the small caps trade on the bottom tier where manipulation is right out in the open.
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Replying to
Thanks for that info. Please feel free to keep posting your insights.
Market makers are the only ones “legally” allowed to naked short. Nasdaq stocks might have 9 makers on one stock. The actual counterfeiting "printing press" is the Automated Stock Borrow Program, which converts a nonexistent entity into counterfeit electronic book entries “CEBE"
The Automated Stock Borrow Program at the DTCC converts these nonexistent entities outside the DTCC into "Counterfeit Electronic Book Entries" (CEBEs) inside the DTCC via "the borrow" which creates "good delivery" which, in turn, allows the trade to "clear and settle"
Clear and settle allows the DTCC to earn fees, its participants to earn commissions, and its participating market makers to earn "mark-ups". The CEBEs can then be sold to anybody because they are commingled with real shares.
Unbeknownst to the investor, his broker/dealer that just took a commission check and therefore owes a fiduciary duty of care, takes these very same shares and rents them to the investor's mortal enemy, the naked short selling broker/dealer.
Keep in mind that these naked short "open positions" are constantly being "kited" by wash trades and matched orders made in an effort to "rejuvenate" the age of the "fail".
Investors buy shares on robinhood who turns around and lends them to short selling third party that immediately dumps them and they’re bought buy the next one as the cycle repeats. The same shares being lent out 46 different ways. At least webull pays you a % and let’s you opt in
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Not only is there basically zero liquidity being "injected" on the buy side when the share price is falling, there is actually a "net negative" liquidity in the system as long shareholders wanting to sell into the buy orders that appear are beat to the punch by these fraudsters
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Market makers with their superior visibility of buy orders selling nonexistent shares into these buy order
Keep in mind that the SEC, DTCC, FINRA, and every other so called regulator are self regulating organizations ( SRO’s ) and are not part of the federal government. Even the NASDAQ is self regulatory
SEC proposes new rules on share lending programs. Here’s what you would and wouldn’t get to see if these rules are implemented