Replies to post #5972 on REAC Group Inc. (REAC)

[Candle]

This is not the first time this has happened. I remember about 8 years ago, a CEO had all the paper shares of his company in his drawer, and it still was trading 10 million shares a day. There was a big senate hearing on it, and that is when they started to cracking down on naked shorting. Problem is that the market makers can still do it legally in the name of making a market, but they do have to cover eventually.

[pick em low]

ya I hope we not holding naked shorted shares.. shorting should be illegal, period. I don't buy the arguement it creates liquidity. Nonsense, it creates chaos. If you like a stock, buy it, if you don't, go away, how dare someone sell something they don't own, and "borrowed" out of someone elses acct w/o them even knowing it basically. The concept is insane. If a stock is going to go down i want it down because someone who actually bought it is selling it, not some clown selling shares he didn't even buy yet. Plus it's risky. Unlimited liability and max gain 100% if stock went to zero