Replies to post #92879 on Sulja Bros. Building Supplies, Ltd (SLJB)

[qtipjoe]

We have been banging this around for a very long time. People have asked that question since Loftwerks. I have heard many people say many things and have yet to here anything that was more then a WAG. This too is a WAG. In the case you describe my guess is that there will be many recourses. For me one of the first would be TDAmeritrade. Question "Hey Dude what did you sell me" ?? I hear the words "Class action" ringing in my ears. I would ask a lawyer but I hate lawyers. If you find out let us all know. GLTY

[roundmot]

Greenie, Naked Short Selling that does not affect the share price is rare. And since the share price with SLJB is responding excellently to all trading pressures (I made a bundle on Monday when it went ran to 20) I am convinced that the MMs are NOT naked short selling at this time. Now, that does not address the question of whether there were NSS on the books in days past. But IMO the new SHO Regs would have caught that by now.

IMO it would be wise to remember that a MM has not motivation to naked short a stock that is rising at the rate SLJB is at the present time. It is a virtual guaranteed short squeeze situation in which the MMs are going to get hurt BIG TIME. And they hate being caught with their hand in the cookie jar.

As for the SHs getting hurt, other than the affects NSS has on the pps, there is really no way that a trader can be hurt that I know of, unless the entire Market collapses and puts the MMs, Brokers, and shorted companies out of business.

And IMO that will not happen this week.