InvestorsHub Logo
Followers 3
Posts 426
Boards Moderated 0
Alias Born 01/14/2010

Re: GULFCOASTROB post# 21335

Saturday, 02/20/2010 10:48:07 PM

Saturday, February 20, 2010 10:48:07 PM

Post# of 34411
That was an incredible post, one of the top 10% in my time about naked short-selling, wow!! Naked-shortselling has been going on for years and years. And it is very difficult to find the perpretators. Today, in the 21st century, it will be even tougher because most of the brokerage houses are making it extremely difficult for us investors to pull out our physical stock certificates. I have accounts in 3 different brokerages, and in 2009, I asked to pull my physical certificates in certain companies. By pulling your shares out, it makes it hard for the money makers to short your stock, because they are no longer physically there. It's like if you hold the deed to your home, it's physically yours and noone but yourself can sell it or buy it. It's like if you hold the title (pinkslip) to your automobile, noone, except yourself, can buy it or sell it.
It's like if you have your stock certificate in your hands, noone can sell it or buy it, except yourself.