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Re: mastaflash post# 148612

Tuesday, 05/29/2007 10:49:55 AM

Tuesday, May 29, 2007 10:49:55 AM

Post# of 169274
In the mean time, I've been trading long enough to know when a stock has been naked shorted, and I'm telling you thats what I believe we have here...

I must have less experience than you, because I have no idea how a company could avoid the reporting requirements for a short position. I would much appreciate being enlightened on this. And please draw on your own long experience, not the foolishness which is circulated around the Internet by people who have never shorted a stock in their lives and couldn't tell a broker-to-broker from a Pink Link.


The DTC has done a pretty good job of hiding the NS problem in the market, and a lot of non-sheep have made a lot of money off of that...

That's interesting. The money that I see being made is by people who are preying on shortsellers' needs for borrows: http://www.businessweek.com/magazine/content/07_22/b4036059.htm. As I'm sure that you know from your long experience, lending stock is a $10 bil a year business on Wall Street. Why would hedge funds pay that kind of money if they could simply naked short? I guess those hedge fund guys aren't too bright.

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