Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: SI Dave who wrote (91047)	3/17/2005 4:09:25 PM
From: EL KABONG!!!	Read Replies (3) of 122088

Hi Dave, The problem with your example is that you "face the consequences" at some point in time after failing to deliver the services or goods. The naked shorts are alleged to never have to face the consequences, because the broker(s)/brokerage(s) involved never call in the short once the 3-day delivery period has expired. That's the allegation anyway. Where the actual truth lies is anyone's guess. My own guess is that selected given broker(s)/brokerage(s) never force a buy-in from some of their customers because if they did, they (the brokers) fear losing the customer, and if the customer is one that generates lots of fees and commissions... I personally think that the naked shorts theory is vastly overblown. Yeah, it's possible that some of it exists, maybe even likely given an unscrupulous broker and a customer that pushes the envelope, but I really don't think that the average Joe-Six-Pack can do this stuff without getting bought in. EK!!!

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