THAT IS NOT true at ALL !!! A "NAKED SHORT" position is a SHORT POSITION that is NOT on the BOOKS...PERIOD ! That is to say...the OTC and PINKSHEETS...do NOT require MM's or brokerages to EVER account for their NAKED SHORT POSITIONS !!! That's EXACTLY what pisses me off about these markets... For the FIRST TIME in almost TWO YEARS I don't have a GTC "BUY" order on EITHER of these exchanges. FURTHERMORE, until the MM's are FORCED to EXPOSE their NAKED SHORT positions on a MONTHLY basis then I won't trade here anymore...unless you call SELLING and NOT reinvesting ANY PART of my portfolio...trading. Once I found out how dishonest these exchanges REALLY are, I became VERY sorry that I ever got involved with them to begin with ! catman....ISYA
PS...I'll try and find my DD on NSing and post it here for you... once you know the TRUTH..you will wonder what you are doing here TOO !!!! Once DATELINE realeases their EXPOSE on NAKED SHORTING and how our OWN BROKERAGES have been BILKING US for BILLIONS of dollars...these markets are going to get HAMMERED.
PSS...I can't wait to get out....I'm in so deep now that I CAN"T get out....I think MANY people are RIGHT where I am now...that is the only reason that we are not seeing more panic selling. What's the point of selling a THOUSAND dollar investment that is NOW only worth 10 bucks and REWARD your brokerage even MORE for naked shorting this market to DEATH lately.
PSSS...Charles Schwab even pulled out of Market Making due to the coming scandle....trying to clean their hands before it's TO LATE...but once this breaks.....they are ALL going to get hurt. IMO. DEATH