/biz/ - Business & Finance

Let’s talk about the practice of “naked” (i.e., uncovered) short selling for a moment. It typically involves short-selling a stock without borrowing, or at least arranging to borrow, the shorted stock from a broker in a timely manner. In some cases, the short-sold shares don’t even exist.

Don’t listen to any rumors that the Securities and Exchange Commission (SEC) is going to ban naked short selling in 2023 or 2024. The practice of naked short selling is already illegal in the U.S.

Yet, this illegal practice has evidently still happened, as Harry Turner, founder of The Sovereign Investor, explains:

“The most infamous recent example of naked short selling was the GameStop saga in 2021, where traders reportedly sold short around 140% of its shares… This meant that 40% more shares were sold short than existed, which is only possible with ‘phantom’ sales from naked short selling.”

Perhaps the false rumors started because the SEC is introducing new regulations to help enhance transparency in legal (non-naked) short selling. None of this adds up to an imminent, epic short squeeze in GME stock, however.

https://investorplace.com/2023/11/dont-touch-it-treat-gamestop-stock-like-a-hot-potato/

>>56486557
hes fucking retarded yes

adding more cash to this fire (unless you can close a leg without all three being closed) is a bad idea

they got u man, im not sure there's a number that the long can hit that will make your margin be ok unless you dump more into this shitshow. you got caught in a bad pump.

maybe it flash drops to 10 and you close your long at loss but get a slight profit. kek

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id like to say that as someone who just got my 2nd ban on webull that trolling amc baggies is the absolute best

with that said ive been added by accounts that make the most unhinged 45 posting look pedantic and i truly mean that. 2+ years of daily activity.

all im trying to say is that its incredibly fun, but there's levels to this shit

>>56413141
i believe that but there are a lot of xrp/link/eth/btc bagholders and you dont see this activity. how did you make it in here so quickly? >>56413141