Hock1
Member
Me either. WTF? Is this the shorts' Alamo or something?
On the bright side, the defenders of the Alamo eventually got slaughtered...so we have that going for us.
For those who, on any given day of stock manipulation, are wondering why TSLA is down, try to understand the following:
1) Market makers (i.e., brokers and hedge funds) are allowed to sell shares that are not identified or borrowed. In other words non-existent shares.
2) They can sell these non-existent shares on downticks.
Think about this way: when you invest in a stock, you want to buy the shares as low as you can get them. When legitimate shorts initiate positions they are trying to sell at the highest price possible. When manipulative shorts initiate positions, they are selling at the LOWEST price they can. This is why the uptick rule was originally implemented, on all short trades---i.e., to protect investors against manipulative shorting.