RationalBeing Thursday, 07/09/20 11:58:06 PM Re: Black-Ops post# 92592 Post # of 126917 Opps, I have made a couple of grammatical changes, question or two and am sending back your way to make sure I have the context understood correctly. The folks I'm sending this two probably have no better understanding than I do. On the shorts; the net net is answered by this question. What is net net as applied here Was the sales ticket marked long or short. If long, where were the shares; in the sellers account or to be delivered. There is one killer rule in the Broker business. Know your customer. Period. If the sale was marked long to be delivered I can assure all readers they were not delivered, the shares were purchased the same day prior to the trade day close. I take that to mean that long share settlements don't happen (at least in my Schwab World) the same day, so if closed out the same day the shares had to be shorted If they were marked as short sale shares it indicates by NASD rules that broker needed to borrow the shares in advance and place a 5$ per share cash deposit in the margin account prior to the sale. This is called maintenance cash. short 20,000 share don't deposit 100,000 dollars, the rules have been violated and it is a Naked shot Sell. I am very sure the trade was not marked short; hence a naked short sale entered as a Long Sale and sold on down ticks. Forward this to your state rep. The facts about the shorts can be discovered in one business day. I could do it in one day. Follow my layout.