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Posted On: 03/30/2017 3:19:15 PM
Post# of 15624
MMs naked short all the time to make the market. When it comes time to cover, if MM A can't get shares to cover, he sells them to MM B, thereby getting them off his books and clearing his short position. Later MM B sells them back to MM A when MM A can cover. It's done all the time and yes, it's legal.
Right? No Legal? Yes
Right? No Legal? Yes
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