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If the SEC isn't going to litigate the naked short selling that preceded this, it's really hard to not cry hypocrisy.
by blackearl 6y ago
If the SEC isn't going to litigate the naked short selling that preceded this, it's really hard to not cry hypocrisy.
- OscarCunningham 6y agoIs there any actual evidence of naked short selling? The only evidence I've seen people raising is that the total value of the shorts was over 100%, but that can happen completely legitimately if the people who buy from short sellers allow the stock to be sold short a second (or third, fourth, ...) time.
- tolstoshev 6y agoI don't get why loaning out an already loaned stock is legal. Short selling should be limited to first gen loans. Otherwise it's like Beavis and Butthead in the Candy Store episode where they keep loaning the same dollar back and forth.
- blackearl 6y agoWhile shorts were really high, GME also consistently had insane failure to deliver rates and was regularly on the threshold securities list.
- ComputerGuru 6y agoYou seem to be under the impression that a stock can’t be shorted more than 100% without naked short selling. This is not true.