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Sunday, March 30, 2014 9:51:02 PM
You said they borrow shares of a company to sell short. That is absolutely wrong. Naked short selling is when someone like a market maker creates shares out of thin air in order to satisfy demand because there are not enough sellers to supply buyers. Naked shorting involves selling non borrowed shares. Market makers must rebuy those shares eventually. They do not get added to any float.
I know how the market works. I've been in it since early 80's. Again, anything short or on a short list will have to be covered eventually and that will fuel the upward fire. Mark this post and please, do not try explaining any more about how anything in the market works. I'm well versed.
Thanks, no offense intended.
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