SI
SI
discoversearch

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.
Non-Tech : SLJB - Sulja Brothers Building Supply, Inc. (Bulls Board)
SLJB 0.000001000-90.0%Jun 4 9:43 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Clyde Stone who wrote (730)9/25/2006 10:16:02 AM
From: rrufff  Read Replies (1) of 1521
 
Shorting is legal - requires borrowing shares to be bought back later.

Naked Shorting doesn't mean that an ugly NASD suspended old coot short is sitting without clothes.

It refers to a prohibited transaction wherein no shares are ever borrowed. In microcaps, the MM is often suspected of abusing the exception which allows them not to close a transaction for a reasonable period of time. This exception is supposedly for the purpose of making a market. However, many suspect that it is actually used to line their pockets.

This is a very simplified explanation and I'd urge you to study the topic as it is very complex, with the information needed to discuss often being hidden by the industry.

I have a board here on SI where the issue is discussed.

Also an excellent source of information is thesanitycheck.com.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News