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pitadog

01/28/09 8:00 PM

#103152 RE: no_brag_just_fact #103151

Well, it doesn't have to be naked shorting, imo. Just regular, legal shorting and if the company goes bk, you never buy back the shares for the cover. They wouldn't trade and have no value. You are correct! That is why major brokers would not own and loan out shares in a pink. On average, they would lose ...dog
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CaptainJim

01/28/09 8:25 PM

#103153 RE: no_brag_just_fact #103151

you have to "cover" otherwise the short never clears. But you cover at a near zero price