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shots60

07/22/23 12:04 AM

#341700 RE: NoMoDo #341698

Interesting
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surfkast

07/22/23 10:44 AM

#341701 RE: NoMoDo #341698

Market makers actually do naked short and cover within 3 days (for the most part) as part of their "making a market."

This settlement cycle is known as "T+2," shorthand for "trade date plus two days.

Thank you for adding something intelligent.
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MrSmith18

07/22/23 11:38 AM

#341702 RE: NoMoDo #341698

Thanks for sharing some good points regarding naked shorting and especially the unspoken naked short strategy that has plagued HMBL for so long. I would simply add that MM's are allowed to naked short on a day-to-day basis in order to keep markets moving in an orderly manner, however, that does preclude HF's who can easily naked short using overseas accounts. The numbers shorted and the time held by MM's and HF's are vastly different. Essentially MM's naked shorts have a negligible effect over a longer time horizon.

As for your assessment of HMBL...
I wish you all the luck in the world. Personally I believe that one of their greatest liabilities was having Brian Foote as their CEO. Had he stepped down and left the CEO job to someone who had operated a public company before, we might be in a better place today. ...all 20/20 after the fact, of course.

The key culprit has been crypto winter and all the demises that followed. The clean up will take time and has already awaken regulators globally, who in my mind, will limit cryptos growth and role in their respective economies.

Good things have emerged, though. Among them, NFT's and Blockchain.

JMHO