Dane, I can't deny your logic re some bad actors here. But the only group that can legally do naked shorting are those companies that provide MM services. I know, others can do naked shorting with various types of broker/seller collusion. But, even with the normally lame SEC and FDA policing, I find it hard to believe that an individual short or group of them would try consistent naked shorting. On the other had, legal shorting can be done illegally, i.e. in a group, but that would imply repetitive actions by some of the same individuals. Just not sure that brazen of a set of actions would happen. But something weird is happening, over and over again, and shorting, naked or not, seems to fit Occam's Razor. Best