as the elite trader official flash crash poster here is the latest bullshit to go on. http://www.zerohedge.com/article/livedeal-flash-smash-sends-stock-365-nukes-shorts
Never heard of short sellers in microcaps referred to as "retail investors" before. "The result: 1,679 shorts end up with an almost 400% loss (one of the benefits of unlimited downside shorting). And as the stock has very little liquidity it is very likely that assorted brokers took matters into their own hands and force covered all those who were underwater and losing substantially. And the cherry on top: not a single trade has been busted. In other words, exchanges are more than happy to unwind trades immediately when an algo loses money, but when an algo creates thousands of forced buy ins and retail investors are left with huge losses, then no luck on the DK. "