Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Nov 14 4:00 PM EST

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To: Hawkmoon who wrote (36515)	8/16/2012 8:10:05 AM
From: chartseer	Read Replies (1) of 218833

Firms are only suppose to allow shorting against stock certificates they actually have on premises. Besides these shares there are always certificates put away in homes,safety deposit boxes and those misplaced or lost. Seems firms may not have followed the rules and there were more shorts than firms actually had on hand. It caused quite a panic as shorts and firms short had to buy to close out trades. It seems this caught many shorts off guard who thought they could just go out remaining short.

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