@butts, what do you mean burned because someone shorted sales to you? You mean you set an order to buy, and then someone shorted so you bought and they short sold. Then the price continued lower so you lost money? That is essentially how the stock market works =P.
Or do you mean: "do transactions take place?" The first phase of the IPO (the price determination phase) is just trading w/o market maker...exactly the same way Project HAMMER trades now. I'm not sure what you were expecting.
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Or do you mean: "do transactions take place?" The first phase of the IPO (the price determination phase) is just trading w/o market maker...exactly the same way Project HAMMER trades now. I'm not sure what you were expecting.