Edited by kisacik, 13 March 2007 - 06:28 PM.
Naked Short Selling
Started by
arbman
, Mar 13 2007 06:23 PM
No replies to this topic
#1
Posted 13 March 2007 - 06:23 PM
It reports there are some 200 Nasdaq and 60 NYSE stocks targeted that are basically pushed down significantly (Taser, Overstock etc a few of them), it says about 15-35% the first month they are targeted and in fact in some cases illegally (without the actual short shares deliverable). Anyhow, the hedge funds are blaming on the prime brokers for allowing for the short sales since they are supposed to watch for the reg SHO. It is interesting that the news comes out at this time though...
- kisa