Amazing how much of a minority I am on this subject of naked shorting.. but thats ok.. One thing the markets have taught me over the years is even the most intelligent investors love being sold a story and this whole naked shorting subject is one helluva a juicy one.. It provides an answer for alot of failed trades me thinks- as simple as that.. : )
Funny the latest company I read to blame naked shorters was ZIXI corp.. Heres a company that was born after the sale of blockbuster.. became CUST.. and slowly over the years these guys burnt thru hundreds of millions of dollars and produced nothing of any value and failed acquisitions that lined the pockets of all their wealthy friends.. What I find the most interesting about this whole naked shorting bullshit is the folks that are the loudest? seem to be crap companies, or companies like OSTK where you have these HUGE percentage gains and the guy is complaining because now his stock isnt going up 2-300% anymore...