Dear Alan, lets assume you are right and there are naked shorts. Then tell me 1 reason why they should ever cover? Who or what will force them?? You are in US where wall street criminals can do what ever they like. They didnt cover till now, they will not cover in 1 year and not in 10 years!! No one will force them. So it doesn't make sense to speculate on covering. The only thing we can speculate is that these guys once will make profit. That might come once but we dint know whether in 2 or 3 years!