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Monday, 03/18/2024 7:51:53 AM

Monday, March 18, 2024 7:51:53 AM

Post# of 6531
REG SHO LIST, new naked short rules are in affect since Jan 4 2024. Brokers are now the required entity to be responsible for FTD's!!

Close-out purchases of stock will not necessarily drive up prices of such stocks. One of the primary purposes of Regulation SHO is to clean up open fail positions, but not to cause short squeezes. The term “short squeeze” refers to the pressure on short sellers to cover their positions as a result of sharp price increases or difficulty in borrowing the security the sellers are short. The rush by short sellers to cover produces additional upward pressure on the price of the stock, which then can cause an even greater squeeze. Although some short squeezes may occur naturally in the market, a scheme to manipulate the price or availability of stock in order to cause a short squeeze is illegal.

They are about to cause a short squeeze anyways idc what that paragraph says.
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