Ashter filed for bankruptcy, so the brokerage house he was associated with will have to cover the short position. I am sure they bought insurance to protect themselves and minimize losses.
Ashter’s will come to the rescue, when they cover their naked shorts!
First off, there are NO naked shorts. When have you ever seen a person wearing "naked shorts"? Those shorts would have to be transparent or clear, persons wearing them would be naked.
Will check Amazon but pretty sure I won't find naked shorts.
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