Saturday, July 21, 2007 1:07:42 PM
Last night on Fast Money (CNBC) one of the commentators gave a brief insight into his thoughts on Naked Shorts. He believes that because of a recent court ruling in the Overstock case, that these FTDs may very quickly become illegal in all US markets. He further went on to talk about how many small-cap/nano-cap stocks have been the target of a select number of brokers/hedgies shorting the heck out of these companies. His thoughts were that if a crack down occurs (by the SEC), there may be a scramble to cover off these positions across the board.
Our clock is definately ticking...lol...the problem is no one knows what time it actually is!
Holding close to 10+ months now!
J
Recent VEST News
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