multivalue - as I have stated previously - the largest weapon in the arsenal of naked shorts is that they simply deny that they exist at all - they are like the panthers that are often seen near the Blue Ridge (where I live) - the official line is always that there are no panthers in the Blue Ridge - and then they'll ask "Where did you see it?"
Keeps panic down.
The refrain is "Naked shorts don't exist, naked shorts don't exist..."
It means that once the pr was let out this morning, average investors, (you & I)went into a buying frenzy propelling the stock upwards. Then the mm's, getting hit off gaurd with the pr, and about to get killed, scrambled to control the stock before they lost their ass. Once they got control of the stock they spent the rest of the day playing catch, and they let it close a hair up to be good sports or because they could!
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