Fair enough. In case you missed it I actually tri
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Posted On: 07/25/2017 2:04:24 PM
Fair enough. In case you missed it I actually tried to test the "theory" by asking management to do a cusip as well if they ever did a name change (Cellceutix was hard to pronounce).
Management replied with (paraphrasing). (I'll run the idea by our lawyers)
So, I assume the lawyers said it would indeed expose "naked shorts" if they were there.
It was a unique chance to actually "test" the theory.
It fell flat on it's face.
I certainly believe 3 days to report non delivery is an antiquated time frame now (HFT happens in fractions of a second for example) so that should be changed.
I'm serious though when I say I will do exactly what Alan does if I ever start shorting a stock.
It scares those who don't understand it and it causes conflicts that occupy the message boards by discussing "shorts" nonstop.
The irony of this very post I am writing is not lost on me by the way!
Management replied with (paraphrasing). (I'll run the idea by our lawyers)
So, I assume the lawyers said it would indeed expose "naked shorts" if they were there.
It was a unique chance to actually "test" the theory.
It fell flat on it's face.
I certainly believe 3 days to report non delivery is an antiquated time frame now (HFT happens in fractions of a second for example) so that should be changed.
I'm serious though when I say I will do exactly what Alan does if I ever start shorting a stock.
It scares those who don't understand it and it causes conflicts that occupy the message boards by discussing "shorts" nonstop.
The irony of this very post I am writing is not lost on me by the way!
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