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Posted On: 05/08/2018 9:28:41 PM
Post# of 29251
Just keeping you all in the loop since It's probably be deleted from Iscrub- my response to SwingingDick where he questions my knowledge of naked shorting :
LOL- it's not my "opinion", it's all factual: "Naked Shorts" are short sales that are made without the corresponding/required "borrowing" of actual shares from another brokerage. A named shorter's main goal is to drive a company out of business, thus they never have to cover the short -as in never-ever- barring that, they hope to drive it down so low that if/when they are eventually forced to cover, it will be in the trips, etc. You can read all about it here:https://www.investopedia.com/terms/n/nakedshorting.asp or here https://en.wikipedia.org/wiki/Naked_short_selling or here https://www.sec.gov/answers/nakedshortsale.htm amongst other places
LOL- it's not my "opinion", it's all factual: "Naked Shorts" are short sales that are made without the corresponding/required "borrowing" of actual shares from another brokerage. A named shorter's main goal is to drive a company out of business, thus they never have to cover the short -as in never-ever- barring that, they hope to drive it down so low that if/when they are eventually forced to cover, it will be in the trips, etc. You can read all about it here:https://www.investopedia.com/terms/n/nakedshorting.asp or here https://en.wikipedia.org/wiki/Naked_short_selling or here https://www.sec.gov/answers/nakedshortsale.htm amongst other places
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