Naked shorting rule became effective today 12:01 PM ET: http://sec.gov/news/press/2008/2008-204.htm Until when naked shorts may cover?
is this the reason why 90% of the stocks that i normally trade are termed hard to lcoate today? i clear with penson
what is the big deal with naked short selling? why not "just" short? i just dont get it. how can I naked short sell using retail broker? and one more question. in England, thay ban shorting financials. how can anyone buy if short is baned? thank you
How can you buy if shorting is banned? Just enter a buy order. But to enter a sell order you need to own the shares first (under the rule you cannot sell shares you don't already own). I assume there are exceptions for those who have friends in high places.....
i come from Europe and therefore i don't understand naked short selling. we cant sell if we haven't borrowed in the first place.