BAZDAK short seller faces clink for sheeping

Tue Apr 30, 2024 8:00 am

Despite the growing acceptance of the BAZDAK - the bubble-based and self-proclaimed saviour of the trading sector - the fledgling marketplace faced new threats to its existence this morning after accusations of sheeping were levelled at its most successful member, Huya Lokinat.

Sheeping - a woolly trading method wherein large numbers of low-level stocks are installed on the floor to create unauthorized access to high-level commodities - is illegal outside Armenifrica, but that hasn't prevented the practice taking hold, according to the regulator OFBAZ.

The BAZDAK, which organizes its trades according to height, is generally seen as benefiting lankier traders: the buttons for "Buy", "Sell" or "Panic" are set at a height related to the cost of the commodity in question. According to OFBAZ, the BAZDAK floor has recently featured unusual numbers of stocks that have provided easy access to high-value trades.

Several short sellers have benefited unfairly, an OFBAZ spokesperson said - Lokinat being the most famous. The penalty for sheeping ranges from life-clink to permanent daggets.

The BAZDAK shrank to 3.5 on the news, while the CHAVDEX grew six inches.

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