Posted On: 07/28/2014 9:35:18 AM
Post# of 5282
"People do not buy shorted shares.
People do not own shorted shares.
The shares of any company that are in your account are shares you bought and earn.
A shorter opens a short account with a broker and shorts as many as he wishes up to the float at the price that they agree on. "
Joe,
Have you ever shorted a stock? I have and it was not naked and completely legal.
You are incorrect. If this was a marginable security. The seller would short and could not cover until someone else buys on the other side. You cannot sell and sell again....
Read More: http://investorshangout.com/post/view?id=1731...z38ln4pAKy
People do not own shorted shares.
The shares of any company that are in your account are shares you bought and earn.
A shorter opens a short account with a broker and shorts as many as he wishes up to the float at the price that they agree on. "
Joe,
Have you ever shorted a stock? I have and it was not naked and completely legal.
You are incorrect. If this was a marginable security. The seller would short and could not cover until someone else buys on the other side. You cannot sell and sell again....
Read More: http://investorshangout.com/post/view?id=1731...z38ln4pAKy
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