Tuesday, February 01, 2022 2:08:02 PM
"Naked shorting happens because a stock is in short supply or the cost of borrowing the stock is too high. If the short seller cannot borrow the shares and tender them to the buyer within the clearing period, the trade has “Failed to deliver” (FTD)."
"It is important to note that FTD may not indicate naked short selling but can result from short sales or long transactions when purchasing stocks. In 2008, it was alleged that a ‘Fail to deliver’ of about 32.8 million shares caused by naked short selling forced Lehman Brothers Holding Inc to file for bankruptcy. It was made illegal after the 2008-2009 financial crisis, but to date, it is difficult to measure how often naked shorting occurs.”
https://amicohoops.net/naked-short-selling-and-other-market-manipulations/
"Be fearful when others are greedy, and greedy when others are fearful."
_Warren Buffett
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