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.

Non-Tech : Home Solutions of America (HSOA), The best is yet to come -- Ignore unavailable to you. Want to Upgrade?

To: canes1hockey who wrote (94)	7/22/2006 10:59:48 AM
From: FHM	Read Replies (1) \| Respond to of 20808

canes1hockey, welcome aboard. <<So, if you hold HSOA as a naked short, does that mean that if you want to cover it is not as simple as placing a buy order to cover your short?>> my understanding is that we are NOT talking about short-sellers buying stock to cover a short what we are talking about is the scenario where there has been no shares borrowed to begin with to lawfully initiate the short position, i.e., FTDs. in the latter scenario, the brokerage firm with the FTD must demonstrate that it has covered the FTD to even legitimize the short position. buying to cover that short position is a second, independent transaction as I understand it. If I get some time this weekend I will see if someone on one of the other SI boards (e.g., Overstock, Biovail, Novastar Financial) may have a better handle on this and can educate us more fully.