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Re: skitahoe post# 680898

Saturday, 03/23/2024 6:49:55 PM

Saturday, March 23, 2024 6:49:55 PM

Post# of 689174
Hi Gary, the officials don’t really acknowledge naked shorting is an issue in our country. They did not halt “naked shorting” in banking stocks, they halted official shorting. Regular people and honest institutions could not short. In theory, brokerages and FI’s also could not enter any naked short positions not covered as well. A total ban on shorting tends to be more effective if people are entering short positions as though they have covered, but haven’t. But the ban was not on “naked shorting”, technically, the official position is that that does not happen except in FTD’s, where market makers fill orders and “make market” to manage price movements.

The reality is also that the government has been scared of market makers who can manufacture stock panics out of nothing and claim the cause was regulators meddling in their affairs. This is something they have implied in the past. It’s an open threat, and there is really no way to prove it is intentional.

I own NWBO. My posts on iHub are always posted expressly as just my humble opinion (IMHO) and none are advice, just my opinion. I am NOT a financial advisor, and it is assumed that everyone is responsible for their own due diligence.

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