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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?
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To: The Ox who wrote (3228)2/25/2008 7:56:58 PM
From: gregor  Read Replies (1) of 5034
 
OX:

I'm going to give you the benefit of the doubt and assume that you are not really grasping a very fine distinction here that I am trying to make.
...so as not to offend let me poise a question or two.

Do not etf fund families make a daily, hourly ,minute by minute, market for the net asset value of applicable etf's ?

In fact are not the stated prices of an etf mirror images, within a very short time frame, of the net asset values of the underlying securities in the aggregate positions ?

So my point is, what difference does it make how many shares are shorted.

If you are following me here, the difference between etfs and individual stocks is that when a stock is shorted whether covered or not , the short position is immediately reflected in the market price of the shares: thus a stock can be shorted nakedly into oblivion. Whereas an etf cannot.

For the record. I abhor naked short selling, especially in the small cap markets. I think the SEC is the fox in charge of the hen house and I concur with your sentiments.

Gregor
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