CANADIAN BROKERAGES PROHIBITING "NAKED SHORTS"....
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 on my watch list, that were heavily shorted in the past, such as WINR, EDUV, NBMX, VGCP, NBET, PMGI, GLCP, NVID, 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...
ragingbull.com
This might be a good time to add to existing Positions to speed up the price recovery and force a SHORT SQUEEZE...
Regards, F. Goelo + + +
PS: Other Posters are now starting to confirm the Canadian move:
Message 11617509
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