InvestorsHub Logo
Followers 699
Posts 56929
Boards Moderated 5
Alias Born 04/24/2000

Re: thepennyking post# 3286

Friday, 03/26/2004 6:54:47 PM

Friday, March 26, 2004 6:54:47 PM

Post# of 4073
Maybe under new rules an f/s will work...hasn't in the past, nor has changing cusip # or any of the other schemes companies come up with. Physical delivery of certs is the only thing that keeps those shares unavailable for a borrow...of course even that doesn't affect naked shorts...

Should be interesting over the next few months.

If nothing significant happens with the new rules some of those 100+ companies with the supposed naked short positions are going to look awfully silly.

Companies can with some time, effort, and a few bucks, figure out pretty close what naked short there is, using DTC sheets and NOBO lists....I think very few actually take the time.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.