Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who wrote (12370)	9/17/2002 9:43:31 PM
From: The Vet	Read Replies (2) of 16631

Dave See my earlier post on naked MM shorting. The NASD are aware of this but are powerless to act as it is technically legal. I have been investigating this very intensively over the past few weeks. MM naked shorts ARE NOT REPORTED as part of the short position, nor do they have to cover. However it is most effective and safest if they concentrate on a few stocks rather than spread the shorts around. Once the selling starts other non MM shorts jump in secure in the knowledge that the MMs will not let the situation get out of control. The MM trading business is depressed these days, This is how the unscrupulous ones are making up their shortfalls.

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