Quote from fakie99:
well i got my arse kicked in CALM this AM, after fully expecting to be just fine looking at pre-market.
if we cannot beat these guys would you advise to stay away from all equities with high short interest (becasue we don't know if it's bona fide short shares or naked?)
what's the take-away from this?
I'm sorry. But that list of people fucked circles the block. Can't get into it, but it'll come out. These are your hedge fund buddies so many ET'rs look up to.
You really have to know what was on the SHO, as well as what currently is there. If you see big names like Greenberg and Cramer, or Roddy Boyd on a stock, even though it's not sho, stay away. If you see juiced puts, stay away., or short. You probably can't get a locate.
If TASER is at 9.31, and I know they had their Congressman and Senators in DC three years ago complaining, the inmates still control the asylum. Don't lose your money.
As an example, OSTK was on the list 666 days. nothing changed, and they fell off the list. Jonathon Johnson, OSTK lawyer, said he wasn't impressed. That that had happened to others came back on. And like, ten days later, they were back on. They really never were off. They just kited some positions within the system.
So, the rules are, there are no rules.
Hope this helps.