Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Biotech / Medical : T/FIF, a New Plateau -- Ignore unavailable to you. Want to Upgrade?

To: The Dodgy Ticker who wrote (2222)	9/25/2003 9:15:42 PM
From: tom pope	Respond to of 2243

Short sellers profit when stock prices decline because they can replace borrowed securities at a lower price. A naked short sale occurs when the short seller doesn't intend to borrow and deliver stock to settle the trade,” said Burns. Okay, what happens to the buyer if the short seller doesn't ever settle? A thousand shares of company X are bought on a given day by 10 genuine investors, in 100 share lots. 500 of those shares come from sellers or short sellers who have borrowed them legitimately. 500 come from naked shorts. What have the investors on the other side of the naked shorters bought? A paradox, a paradox, worthy of Gilbert and Sullivan.