Ooo yeah...didn't think of that....I'm too nice ahahaa, I expect ppl to be fair.
JQ, shorting is when you borrow stock, then sell at market in hopes of buying back the same number of shares at a lower price and then keeping the difference...which I believe you know.
Well what naked shorting is, and I am not sure exactly how they fool the computers, is that they sell off stock that they don't actually own and they can push the price down very quickly if they do it with a whole bunch of shares. Stocks have a 3 days settlement period, so I am a bit unclear on the detials, but when those three days are up, the buyer of those naked shorted shares doesn't recieve his/her shares because the person naked shorting didn't actually borrow the shares in the first place.
I am a bit confused on how they fool computer systems and stuff...does anyone know??
Thanks,
Rocco