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Non-Tech : Market Makers; What They Do vs What We Want

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To: Doug R who wrote ()4/15/1998 6:57:00 PM
From: Leroyt  Read Replies (1) of 207
 
TO ALL: My question is about the ability of Market Makers to short stock. I want to prevent shares that I own from being lent to other market makers for shorting purposes. I own a significant of the public float of a given stock and don't want it to be used without my consent.

Questions:
1. What market makers need to do to short a stock? I assume they must borrow that stock from another broker.
2. What is a "naked short"? Does that mean that they don't have to borrow the stock from somewhere else.
3. If my stock can be loaned out to another broker, how to I guarantee that it not be loaned for shorting purposes? Is the only way to hold the certificates myself?

thanks and later, leroyt
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