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> Naked short selling.
efretty
post Sep 20 2008, 03:53 PM
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If their is a buyer for every seller, who was buying on Monday and Wednesday? Thank you for any help you can offer.
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OEXCHAOS
post Sep 21 2008, 12:30 PM
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QUOTE (efretty @ Sep 20 2008, 04:53 PM) *
If their is a buyer for every seller, who was buying on Monday and Wednesday? Thank you for any help you can offer.


Bottom pickers "structual buyers" like funds and pensions, and market makers. They just didn't hit the ask much. laugh.gif

The naked shorting thing, however is a bad, bad thing. The integrity of the market is based upon all buying and selling have a direct relationship to economic reality. Naked shorting is essentially fraud. It's like counterfeiting. There are theoretically more shares available to sell than actually were issued by the company when folks short naked.

That's unacceptable and bad for our markets.


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efretty
post Sep 21 2008, 05:18 PM
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QUOTE (OEXCHAOS @ Sep 21 2008, 12:30 PM) *
QUOTE (efretty @ Sep 20 2008, 04:53 PM) *
If their is a buyer for every seller, who was buying on Monday and Wednesday? Thank you for any help you can offer.


Bottom pickers "structual buyers" like funds and pensions, and market makers. They just didn't hit the ask much. laugh.gif

The naked shorting thing, however is a bad, bad thing. The integrity of the market is based upon all buying and selling have a direct relationship to economic reality. Naked shorting is essentially fraud. It's like counterfeiting. There are theoretically more shares available to sell than actually were issued by the company when folks short naked.

That's unacceptable and bad for our markets.

Thank you for your help. I am a paranoid old man and I was starting to wonder if we even need actual buyers and sellers,especially after the wild ticks on Friday.
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