BULL DINKY! I been trading only for 5 minutes and know for a FACT that Naked Short and regular shorting is very different. That link is ABSOLUTELY worthless! Below I will post a link that explains naked shorting. The article was written by TWO highly qualified authors who worked for and with the SEC and Finra. (Smile)
"What is “Naked” Short Selling?
Naked short selling is unlawfully short selling shares that have neither been borrowed nor located. If sellers are engaged in naked short selling, then the volume of stock may be larger than the tradeable shares in the market, which can lead to sellers failing to deliver securities sold by the settlement date."
Yes, so that’s been said, ad nauseam. It has also been replied dozens of times, and documented by non-anonymous experts that naked shorts are not easily traced due to the shady illegal practice it is.
It is the latest thing... if a stock wants to be naked shorted, it just wakes up one morning and declares that it is! One is not allow to question that stock's decision to be naked shorted so as not to offend it!
The facts don't matter, DD is irrelevant!
If a stock wants to claim that it is naked shorted, its decision must be respected!
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