Replies to post #135298 on Sulja Bros. Building Supplies, Ltd (SLJB)

[eelfland]

If you sell a stock that you own, to use the correct terminology, you are not short that stock. You have no position at all, other than cash.

[equityofficer]

The bottom line is that shorting (borrowing shares) is legal and naked shorting ("borrowing" shares that don't exist), is not. If people don't want their shares compromised than they should request "hard copies" from their broker?

[grandreal]

NO!
a reliable broker/or house, will only alow shorting on shares that they have certs on, and only one short per cert!

using scottrade, I have shorted
There were times I wanted to short a stock and they turned me down because they had no shares to short!
ON the same stock!

What it does is put the broker/house on the hook for the stock, and that is why they have what is called a margin call!

and if you think the IRS can be A ho le s, try to say catch you next mo to a broker!