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Re: Drillbit post# 69292

Tuesday, 08/03/2004 11:39:39 AM

Tuesday, August 03, 2004 11:39:39 AM

Post# of 358439
<< Do you believe in hedge funds facilitating naked shorting? >>

Most Market Makers don't Naked Short for profit, they make enough by playing the spread and trading around order flow...

The majority of illegal shorting comes from large offshore hedgefund clients, whose broker/dealers conveniently turn their head and hide when it comes time to make the affirmative detirminations of the availability of stock to borrow. The MMs simply take shares that these hedge funds 'counterfeit' and sell them as real...

If anyone is illegally shorting this stock I think it's safe to assume its NOT the Market Makers...

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