I believe we are arguing about semantics JD
You say - "cash backed" in this context means that for every dollar value of stock a broker borrows, they provide the equivalent amount in cash to the agent as security. My response, Why stuff about? Why doesn't the broker just buy them on market?
Your last sentence tells me what you are trying to say.
Over and out.
Short squeeze party thread, page-317
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Last
17.0¢ |
Change
-0.005(2.86%) |
Mkt cap ! $487.1M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 16.8¢ | $1.068M | 6.261M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 433355 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 373316 | 8 |
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