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Non-Tech : Radica Games (RADA) -- Ignore unavailable to you. Want to Upgrade?

To: Char who wrote (1426)12/19/1997 11:32:00 AM
From: Jonathan Bird  Read Replies (1) | Respond to of 7111
 
Market makers don't have to borrow shares to short. They can sell all the naked shares shorts that they want.

Can they also short on down tics?

Jon Bird



To: Char who wrote (1426)12/19/1997 12:21:00 PM
From: Hank  Read Replies (1) | Respond to of 7111
 
Dave,

I knew they didn't have to short on an uptick and could short virtually any stock they wanted to but I didn't know they could short naked. That sounds ridiculus to me. If the SEC and NASD really want to make an impact on the way guys like this trade, they out to take away some of these perks. Hell, anybody could make money in this game if they could trade like that! Talk about having the odds stacked in your favor.

Hank


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