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Author Topic: Naked Shorting Rule
BroBro
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Is this over with after today or what?? Last I heard the rule was to take affect on April 1st...
Posts: 206 | From: silver spring, MD, USA | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
U4TSAF2
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OK, TO CLARIFY THIS HERE WE GO:

I AM NOT SURE ABOUT THE NAKED SHORTING RULE BUT FROM WHAT I HAVE RED HEREIN, IT'S GOING TO END TOMORROW.

I GOT SOME NEWS FOR YA. THE AMERICAN GOVERNMENT PROHIBITS FROM OFFSHORE BANKS, INVESTMENT FIRMS, ETC. TO ADVERTISING IN THIS COUNTRY.

LITTLE DID YOU KNOW THAT IT IS COMMON PRACTICE FOR SWISS BANK ACCOUNTS TO GIVE UPWARDS OF 5% ANNUAL RETURN ON YOUR SIMPLE SAVINGS ACCOUNT. NO I DID NOT SAY A 5-YEAR CD IN AMERICA.

THAT LIST GOES ON AND ON AND ON.

SO IF THE SEC CHANGES A RULE ON NAKED SHORTING, GUESS WHAT, THAT APPLIES TO BROKERS IN THE UNITED STATES ONLY.

OPEN YOUR CANADIAN ACCOUNT RIGHT OVER THE INTERNET, FUND IT AND TRADE AND NAKED SHORT YOUR STOCKS JUST AS YOU ALWAYS HAVE BEEN ABLE TO DO. ON THE OTHER END OF THE SPECTRUM, CERTAIN COUNTRIES HAVE SECURITIES LAWS THAT PREVENT 100% SHORTING IN ANYWAY.

40-60% OF THE ENTIRE CAPITAL INVESTED IN THE USA MARKET IS HELD OFFSHORE. NOT EXACTLY SURE ABOUT THE NUMBER CAUSE IT'S CONSTANTLY CHANGING.

THE ONLY THING THAT WILL CHANGE IS FOR SOME TO MOVE THIER FUNDS TO A CANADA ACCOUNT OR EUROPE AND SHORT THAT WAY.

I'M FOR SHORTING AND NAKED SHORTING 100%. YES I UNDERSTAND BOTH SIDES OF THE STORY SO PLEASE SAVE YOUR TRYING TO EXPLAIN TO ME HOW BAD IT IS FOR THE "LITTLE" PEOPLE.

THE BOTTOM LINE REASON FOR SHORTING IN ANY FORM IS TO KEEP THE CHECKS AND BALANCES WITH THE MARKET. WHEN I SHORT, I GET THE CHECK AND SOMEONE ELSE LOSES THEIR BALANCE!


Posts: 2337 | From: ORLANDO,FLORIDA,USA | Registered: Oct 2003  |  IP: Logged | Report this post to a Moderator
Bob Frey
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http://www.allstocks.com/stockmessageboard/ubb/Forum2/HTML/002842.html

Check the above.


Posts: 3418 | From: Cleveland, Ohio | Registered: Jan 2000  |  IP: Logged | Report this post to a Moderator
   

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