Wednesday, October 08, 2014 5:12:47 PM
More facts.... Options on Overstock is where they made a killing shorting it down is how they executed their option.
"Overstock.com has been on the naked short list for 91 percent of the trading days. In that exact same period of time, over 86 million shares have been shorted in Overstock."
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aEOpTqmLZB7A
Who's making the market?
Yet, as I noted last week, it is the market-making exemption that still seems to me like a source of potential trouble. Market makers don't have to locate shares before executing short sales in most circumstances. Their role is to keep an inventory of readily available stock, to smooth volatility, and to manage their own risk, and this sometimes requires them to short shares
http://www.fool.com/investing/high-growth/2005/03/30/whos-behind-naked-shorting.aspx
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