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Re: stockhound101 post# 218902

Monday, 09/25/2006 8:49:08 AM

Monday, September 25, 2006 8:49:08 AM

Post# of 358501
"Number of companies destroyed by naked shorting: 0"
You don't know that and if you believe that you are naive as hell.


Well, I've been called a lot of things in the financial world, but this is the first time anyone's ever called me naive.

My skepticism on this issue, or "naivete" as you call it, is born from two facts: first, no one has ever been able to provide a ticker symbol of the phenomenon you mention, and, second, I can't even imagine how the phenomenon could work to begin with. Perhaps you'd like to enlighten this naif on either issue. I know how naked shorting works with toxic convertibles (and even with ETF's), but for the life of me I can't figure out how it could be done in anything other than small quantities for brief periods of time in other securities.

I await your explanation. I just know it's going to be more educational than those fantasies posted by Internet "commentators"--the type who speak with supposed authority but who couldn't tell a negative rebate from a Pink Link.
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