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Lots of stocks have naked short programs on them. $MEGL is just one example. See how they pumped it on lighter volume when it first came out and made 100's of millions. Then they dumped it. But you can see when they put the Naked short on 8/16 at $22.00. On 60 Million shares
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Replying to @MasterBJones
I have a question about naked shorting. I know that you and Raul have covered it in the past but how can I tell if the market maker has a short program set up on a stock?
Replying to
Ok that makes sense. I’ve noticed that on a lot of stocks, they’ll go parabolic on low volume then have 20 million shares traded per hour and the stock goes nowhere. Thanks TBJ, appreciate it.
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