"NAKED SHORTS" out of CANADA now BANNED....
The practice of Canadian Brokerages issuing NAKED SHORTS
(Illegal short selling without a borrow) and even the plain shorting
of OTC-BB's with borrow will be terminated, effective 23rd
October, under pressure from the US Authorities...
In the later part of this week, Short Positions initiated in Canada
appeared to be in the process of being covered... This is happening to a
bunch of micro-cap stocks, that were heavily shorted in
the past, such as WINR, EDUV, NBMX, VGCP, NBET, PMGI, GLCP,
NVID, PYNGF etc... All of them have closed in positive Territory on Friday in very
adverse Market conditions that would normally have resulted in loses in
the 5 to 10% range...
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