The Microcap Kitchen: Stocks 5¢ to $5 Message Board

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Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5

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To: Catfish who wrote (17262)	1/26/2004 6:32:23 AM
From: Rock_nj	Read Replies (1) of 120415

I'm sure naked shorting happens all the time with legitimate companies and with pennystock frauds. While the cats away the mice will play. I mean, if you're some MM and you see a great shorting opportunity (as I'm sure you'd see much more often than the average investor) why not short the heck out of it with as many shares as possible, even ones that don't exist (naked shorting)? The problem is this practice does beat down the price of stocks unecessarily. Shorting is fine, but people should have to stick to the rules to short a stock and short an actual share not a make-believe one (naked). This rule closes a huge loophole and will make the market a much fairer place to trade. People can still short, if they can actually find shares to short and companies won't have their stocks beaten down by naked shorting that really does nothing for the market and only benefits the naked short. Look for some massive short covering rallies in certain stocks in the week and days before the rule becomes effective. We should try to identify the best candidates, it could be a great opportunity to double or triple your money.

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