A lot of things about stock shorting are still a m
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Posted On: 01/28/2021 2:52:55 PM
A lot of things about stock shorting are still a mystery to me but is there anyone else who thinks those 28 million supposed short shares of CYDY aren't real?
I suspect they were from illegal naked short sales of stock and became "non-performing", so essentially abandoned so the seller won't have to cover their position for a massive loss.
I can't see how they could have been sold by a retail trader because maintenance costs and margin costs would be huge. So who could dodge those costs? Some crooked broker who is hoping not to be identified with these short trades. Therefore, I do not expect those stocks to participate in a "short squeeze".
Even if the seller of these shares short was called to cover them, what if he (she) can't? You can't get blood out of a turnip. They would essentially be abandoned.
Does anyone have some insight on this issue?
I suspect they were from illegal naked short sales of stock and became "non-performing", so essentially abandoned so the seller won't have to cover their position for a massive loss.
I can't see how they could have been sold by a retail trader because maintenance costs and margin costs would be huge. So who could dodge those costs? Some crooked broker who is hoping not to be identified with these short trades. Therefore, I do not expect those stocks to participate in a "short squeeze".
Even if the seller of these shares short was called to cover them, what if he (she) can't? You can't get blood out of a turnip. They would essentially be abandoned.
Does anyone have some insight on this issue?
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