Re: Stopping the naked shorts:
in response to
by
posted on
May 21, 2008 11:10AM
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an addendum to my previous post...
Getting certificates, like posting a high sales price, can slow down legitimate shorts who borrow shares to short as the shares are unavailable.
Getting certificates does not stop "naked shorts" as they aren't borrowing shares anyway.
But if you have a certificate from the company no one can dispute your claim of share ownership when millions of shares in excess of what the company issued are found to exist.
P.