Replies to post #292201 on Sulja Bros. Building Supplies, Ltd (SLJB)

[konchy bill]

That is utter nonsense, john, and a message board myth.

[EarnestDD]

Learn some history. Joe Kennedy Sr. sold out of the Stock Market in 1929 before the great fall because everyone was borrowing money and investing in the stock market.
The big clue came for him when his shoe shine boy was talking about the stocks he was buying.
The market had become overheated and collapsed.
Shorting would have tempered that overheating.

[brute_force]

Shorting, particularily the naked kind caused the Crash of 29' & the Depression of the 30's that followed it!

SLJB is a grey sheet quoted on the pinks. It is not marginable. You can't short a stock that is not marginable. If one could find an offshore brokerage somewhere that would allow one to open a margin account to short SLJB, it would cost a minimum of $2.50 to $5/share to short, plus a few grand to open the account. So to short SLJB, just 1 million shares, would require between $2.5 - $5 million margin. No brokerage would allow it anyway, but it is obviously cost-prohibitive to short penny crap. "Naked shorting" is what hedge funds do. SEC Rule 17ad-10 defines it as overissuance that is "securities not readily marketable". It is what insiders of non-reporting pinkies do. They use unregistered securities to hedge their insider trading. PIPE financiers do same. Reference any hedge fund prospectus. This kind of naked shorting is common and abused by insiders of non-reporting pinks. "Shorty" is almost always the insiders and any toxic PIPE VC's.