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To: rrufff who wrote (6196)7/12/2004 12:15:55 PM
From: Win-Lose-Draw  Read Replies (2) | Respond to of 12465
 
Naked shorting is gambling plain and simple. It does not relate to finance. Being long on margin is a typical finance transaction. You borrow on an asset.

they are *exactly* the same. in both cases you are borrowing money to speculate on the market. "naked" shorting isn't a scam, it happens every minute of every day in the futures markets, it is not only legal, it's a financial necessity for people needing to dynamically hedge open positions.


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