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Message: Have we HIT Bottom? I believe we did...

So last week was crazy with all the selling. But where we have selling we have buyers.

Did UBS and TD finish the Naked Short Selling which helped the SP down? Anyhow, why can't we just have good old buying and selling without this manipulative crap?

And I am hoping now that the price is LOW, buying will outperforms selling and therefore force the SP to much more realistic figures.

Naked short selling, or naked shorting, is the practice of short-selling a tradable asset of any kind without first borrowing the security or ensuring that the security can be borrowed, as is conventionally done in a short sale. When the seller does not obtain the shares within the required time frame, the result is known as a "failure to deliver". The transaction generally remains open until the shares are acquired by the seller, or the seller's broker settles the trade.[1]

Short selling is used to anticipate a price fall, but exposes the seller to the risk of a price rise.

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Is Naked Shorting FAIR?

The reasons for naked shorting, and the extent of it, have been disputed for several years before the SEC's 2008 action to prohibit the practice. What is generally recognized is that naked shorting tends to happen when shares are difficult to borrow. Studies have shown that naked short selling also increases with the cost of borrowing[reference needed].

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