Phil Anthropy

LDK Solar: The Naked Shorting Crime

Cutting through the vitriol on this thread isn't easy, even with power shears. I would simply like to state that, regardless of any particular stock and its proponents or naysayers, it is too bad that there is not more focus by regulators on the overall problem of naked shorts and failures to deliver. I have read in the past, but cannot confirm, that there are many more failures to deliver than people realize, and that therefore some stocks may be subject to price fluctuations that do not reflect the actual workings of a fair market. In my view, even if this is true, it is unlikely that anything will be done about it, because there are too many vested interests opposing such regulation. Therefore, if someone is investing in a stock that seems to be getting hammered for no good reason, the easiest thing to do is just to accept the losses and move on. Complaints may be psychologically therapeutic, but they're not lucrative, and I am not aware that litigation in this area has been particularly successful.