Matt Blackman

The Mother of All Short Squeezes

Jimbo
You are right. Naked shorting without covering the short within the max 13 days allowable under SEC rules is theft plain and simple. Another way of looking at it is that it's counterfeiting. Selling shares you don't have.

If you haven't yet seen the excellent documentary called Phantom Shares that ran in March 2007, I highly recommend it. A more detailed naked shorting explanation and link to the video and a number of other naked short articles can be found at tradesystemguru.com/co...