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Re: hapacrazy post# 759

Wednesday, 03/29/2006 3:38:38 PM

Wednesday, March 29, 2006 3:38:38 PM

Post# of 20865
Sure, naked shorting is the same as shorting only the shorter does not have the capital requirements in their account required for most short positions. Many times their sold shares do not have matching long shares which in effect expands the float. There is a list out there that covers all short positions called the REGSHO and I often check www.buyins.net, but these lists are not all inclusive. I am currently in LFWK because there appears to be a large short position that is naked. The company claims to control all outstanding shares which means that the shares I own are shorted. If the short decides to try and close his position he will have to pay my asking price. So far not so bad, I have been in since $0.004 and now we are at $0.03. Still a great deal of run left in this one.

I am definitely not the expert in shorting stocks though. I have honestly never shorted one myself. So I recommend additional research before taking any of my words as facts.

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