Americans 4 "No Own - No Sell" Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Americans 4 "No Own - No Sell"

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Moominoid who wrote (196)	10/2/2001 12:14:47 PM
From: Ga Bard	Read Replies (1) of 455

Naked Short - is selling a stock short without ensuring that the stock can be borrowed or otherwise provided for by settlement date, also known as an affirmative determination. The NASD prohibits “naked” short sales. Now in order to short a stock, your broker-dealer needs to locate stock before they can loan it to you. If they can’t find any stock to loan, you can’t short it in America. It sounds good in theory, but when a company has enormous short interest, sometimes the amount of shorts outnumbers the shares on the publicly traded float. How can this be? The reason is “naked” short selling. Someone is shorting the stock without first locating it. Market-makers, foreign institutions and individual offshore short sellers are usually the cause of this situation. When they short the order is merely a sell when it hits the American Market. Also since there is no required transparency (reporting) the offshore can short us into oblivion and it looks like regular sells. thus it is Naked Short Sellerism ... P2bAAAT & DSAS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next