Cardboard Posted August 5, 2009 Share Posted August 5, 2009 Check this out! http://www.sec.gov/news/press/2009/2009-179.htm Looks like that they caught some guys facilitating naked short selling with options. Just like what has been discussed by Deep Capture for Dendreon. I don't know about them, but it would be really nice to expose the ones who facilitated the Fairfax naked short selling. It could help with the court case. Cardboard Link to comment Share on other sites More sharing options...
Parsad Posted August 5, 2009 Share Posted August 5, 2009 But I thought naked-short selling doesn't really exist? ;D Cheers! Link to comment Share on other sites More sharing options...
JAllen Posted August 5, 2009 Share Posted August 5, 2009 Wow! That didn't take long. It sounds like they weren't just engaging in Naked short selling but trying to cover it up as well! Link to comment Share on other sites More sharing options...
SharperDingaan Posted August 6, 2009 Share Posted August 6, 2009 Is this what's known as 'raider bait' ;D SD Link to comment Share on other sites More sharing options...
T-bone1 Posted August 6, 2009 Share Posted August 6, 2009 Does anyone else think that cracking down on naked shorts is the reason for the huge rally in all of the worthless stocks (AIG, FRE etc.)? I have always wondered if official short interest numbers include naked shorts. The last 48 hours have convinced me that they do not. There are officially 20 million shares short at AIG, but the stock has already traded 190 Million shares in the last two days (and this day isn't over). I am curious if the board members think: A) this has nothing to do with naked shorting B) the huge rise in AIG is due to 20 million shorts covering, the rest of the volume is High Frequency Traders playing games C) there is a huge amount of undeclared naked shorts in the system, the covering of which has just given AIG a $16 Billion dollar market cap anyone (else) buying the very expensive AIG puts? Link to comment Share on other sites More sharing options...
smw397 Posted August 6, 2009 Share Posted August 6, 2009 Can't respond to you question about those particular stocks, but there are a few others I track that have definitely been hit hard by naked shorts in the past, including some that spent months on the Reg SHO list, that don't appear to have been affected one way or the other by this news. Just sayin'. Link to comment Share on other sites More sharing options...
eggbriar Posted August 6, 2009 Share Posted August 6, 2009 T-bone1, I vote C I would love to buy a lot of the AIG puts but too pricey for me now. I'm watching them though! Link to comment Share on other sites More sharing options...
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