May 5, 2009
Naked short selling illegal, but done all the time. Organized shorts can short a stock and cover the same day or the next day before borrowed shares are required. Anyone who thinks the shorts are not organized does not know anything about investing. Shorts can ruin a good Co. just to make a profit and nothing to do with how good the Co. is. When a basher for a short hedge fund can tell the price of a stock a month in advance. That is the price they cover. Something is rotten in the state of Denmark.