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Re: davillionare post# 2611

Wednesday, 03/30/2005 8:50:37 AM

Wednesday, March 30, 2005 8:50:37 AM

Post# of 95069
Davillionare I dont think we know that the shorts have been covered based on the fact that we no longer are on the SHO list. The SHO list is a joke and doesnt work, there is a very simple loophole that allows brokers/MMs to not have to cover, simply by moving the open short from one MM to the other. That means that the short position is moved between them and doesnt have to be covered. IMO that is also the reason why the share price did in fact go down. That makes no sense and these MM crooks will have to pay for this sooner or later, hopefully. I have been involved in a few naked shorted stocks, so maybe you want to doublecheck my opinion.