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Daisy27

02/17/10 7:05 AM

#8422 RE: GO_BIG #8421

So there are no short shares available?

A couple of years back, a stock I owned had a huge short position. If I recall, the short position approached 90% of the float. The majority of those short shares were naked shorts.

Shorting is not a bad thing, as long as the shorted shares are produced. In the case I was referring to, the shares were never delivered. It was as if an unlimited amount of shares were printed or fabricated and shorted and it beat the share price down substantially. The shorted shares should come out of a fixed amount of shares, the same pile you and I compete for. But the reality is they do not.

We were all waiting for a huge short squeeze but it never came.

I'm not sure if naked short shares are available on this stock, but if they are, look out. The SEC will not help. They are grossly understaffed.

daisy