supershort

The SEC Panics

Sorry for the long winded post. What I mean to say is that get rid of naked shorting but allow 100% of the shares to be shorted or bought long. That would solve this issue and make for better pricing of stocks. Naked shorting is found because the big guys want to dollar cost average their positions after all the "shortable" shares are already held short.

The SEC Panics

For all you people who think that naked shorting should not be allowed, I will give you a sound argument why it should be allowed. If you are an individual investor, you will not be allowed to sell naked, as the standard brokers will follow those rules about obtaining stocks to borrow. I have personally been caught on the wrongside of a trade and wanted to so desperately short moore shares to dollar cost average down only to be unable to borrow those shares. Sometimes the stock falls back to my entry point but sometimes it doesn't and you can lose big also. There is more risk in going short and I have only traded stocks short for the last 2 years and have made more money than with all my long positions. Granted we are in a bear market, but whyt shouldn't the markets be free and completely lucid. The way they are set up now, it is not protecting the active investor because you are being limited in how you can trade. Why should I be allowed to only go one way in a trade, especially if you know it's a dog. We should be allowed to make money on these pump jobs freely and as much as we can stomach the risk.

Most "good" companies cannot be affected by the short sellers unless the short interest is allowed to be equal to the shares outstanding, which is hard to reach 50%, without naked shorts. If you are an investor, you should not fear shorts as the are doing exactly what you are trying to do and that is make money. Do not make this a closed and back room market. Let the markets be free.