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jdheart101

12/01/20 5:25 PM

#334898 RE: Bright Boy #334897

If you’re naked Shorting it doesn’t matter
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Basin Street Blues

12/01/20 5:46 PM

#334901 RE: Bright Boy #334897

When someone wants to trade a stock , there’s only one way to do it and that’s via a regulated
institution , bank or broker . The trade will be fully electronic NO EXCEPTIONS .

If you want to buy well that’s easy all you need to do is give the order , price and size and as long as you’ve got the cash to cover the purchase it goes into the market and you await your fill or otherwise .

If you want to sell you have to already own the stock and it must be under custody/ safe keeping with the
house through who you wish to sell , however if you want to simply bet against the stock ie short it the broker will have to ‘ locate ‘ the amount of stock you wish to short electronically either in house or held at another broker shop .

When (IF) he finds said stock the cost of borrowing that stock to allow you to deliver it to whoever you were to sell to is charged as an interest rate .

The last rate NWBO traded at was 28%. which is an annual rate that the shorter would have had to pay to deliver the stock .