News Focus
News Focus
Followers 218
Posts 38765
Boards Moderated 0
Alias Born 04/29/2008

Re: Johnik post# 161357

Saturday, 01/28/2012 12:35:35 PM

Saturday, January 28, 2012 12:35:35 PM

Post# of 312101
It's been a while, so let me take everyone through it again.

This is a logic exercise based on "Reductio ad absurdum", or as Wikipedia describes it "is a form of argument in which a proposition is disproven by following its implications logically to an absurd consequence."

If JBI were being naked shorted:
- MMs (or whomever was doing it) would have the ability to create an unlimited number of counterfeit shares without either them or the counterfeits being detected.
- Since profit for the NSS is 100%, share value would continually decline as NSS wouldn't care what the price was, as long as they could get buyers.
- Counterfeit shares would be resold, wiping out the trail of where they were counterfeited.
- This would be done on virtually every stock possible, wiping out the value of every stock and the markets themselves.

"The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing."
-- Albert Einstein

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y