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Strategies & Market Trends : Banned.......Replies to the A@P thread.

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To: ravenseye who wrote (3488)4/12/2005 3:03:49 PM
From: StockDung  Read Replies (1) of 5425
 
But Ravey, a US CITIZEN COULD HAVE OPENED A ACCOUNT AT ONE TIME IN CANADA AND SHORTED (EVEN NAKED) US STOCKS.

ELGINDY WAS NEVER CHARGED WITH NAKED SHORT SELLING AS YOU KNOW.

THE LAWS DID CHANGE HOWEVER. PRIOR TO LAWS CHANGING NAKED SHORT SELLING IN CANADA WAS 100% LEGAL.

ONCE AGAIN, ANY PERSON AT THE TIME COULD HAVE SHORTED A OTC STOCK OR ANY STOCK NAKED. THAT PERSON BTW WOULD NOT EVEN KNOW IF IT WAS A NAKED SHORT SELL SINCE THAT BURDEN WOULD HAVE BEEN UPON THE CANADIAN BROKERAGE WHICH WAS DOING THE ACTUAL NAKED SHORT .

YOU SHOULD READ THE STOCKWATCH.COM STORIES ON PI WHICH CONFIRM WHAT I AM WRITING BTW.
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