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Strategies & Market Trends : Value Investing
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To: Grommit who wrote (30151)2/22/2008 7:10:18 PM
From: Madharry   of 78744
 
I remember hearing some of the stuff about the naked short selling and how they avoid getting caught. If i recall this correctly all they need it is to show that they have possession of the shares for some point during the day and they are covered. I gathered from this that in actuality the same share could be shorted several times if used by multiple short sellers. Perhaps schwab has figured out the this can be a lucrative side line for them. if not i cant see why they would go to all this trouble. i also wonder why they need to put this in a separate account unless they want to avoid some type of audit that might uncover this. I guess its my training as a credit officer.
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