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lloydm

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lloydm

Re: 21ZNA9 post# 22319

Sunday, 01/17/2016 8:01:56 PM

Sunday, January 17, 2016 8:01:56 PM

Post# of 82575
“Naked” Short Sales

In a “naked” short sale, the seller does not borrow or arrange to borrow the securities in time to make delivery to the buyer within the standard three-day settlement period.[3] As a result, the seller fails to deliver securities to the buyer when delivery is due (known as a “failure to deliver” or “fail”).

short sale

A short sale is generally the sale of a stock you do not own (or that you will borrow for delivery).[1] Short sellers believe the price of the stock will fall, or are seeking to hedge against potential price volatility in securities that they own.

I am sending this because I got a nasty PM that I wish I could share, but cannot.

http://www.sec.gov/investor/pubs/regsho.htm

Nothing I state is intended to be a recommendation to buy or sell, opinion only. Readers are solely responsible for how they use the information.

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