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bas2020

11/09/22 9:50 AM

#529462 RE: Goats'nCrows #529445

being deep Naked Short at this day and time just doesn't make any sense to me.



I'm not keen on how naked shorting works, other than they are fake shares sold to manipulate price. If they are fake (not backed by real borrowed shares) then why would they need to be covered? Seems like a blank check for crooks with no requirement to close the position. How closely are the failed-to-delivers monitored and enforced?
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Poor Man -

11/09/22 10:23 AM

#529471 RE: Goats'nCrows #529445

The naked shorts must be the smartest criminals on the entire planter, since they’ve avoided any detection and any form of civil or criminal prosecution — for at least ten years!!! And they’ve avoided the wrath of Cofer Black, too!
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Fireman02360

11/09/22 2:33 PM

#529633 RE: Goats'nCrows #529445

(some of the accounts here were no doubt been helpful in this endeavor).



My Fidelity account was one of them. Please understand, this is their business. They almost view it as a game in some ways. They live and breath it every single day. They also make a lot of the rules. For instance...LP asked for a halt on NW Bio....denied by FINRA. Big Market forces are here to take YOUR money and put it in THEIR back pockets. They are not here to make you rich. Its all about taking someone's else's wealth and transferring it to them. Once you realize this, it a much easier decision to hit the sell icon.

As far as the naked shorts...I have no clue, as it cannot be proved, with 100% certainty, that's its true. The science, not naked shorts, is what will make us money. That can be proved. We could have 5B naked shorts, but if the science isn't there, does it really matter? You need the science to be there to trigger the squeeze. Science is all that matters in Biotech. It can trigger a lot of things, known and unknown as in the case of naked shorting. I think we are about to soon find out.

-Fireman