July 30, 2008
The use of naked shorts on CSIQ has made this stock good only for trading, not as a stock to keep and hope it rises with the industry. I don't see how an average investor who wants to see a particular stock or industry rise can possibly help the company by investing, since most of the stock trading is naked shorts.
I think that the new regulation preventing naked shorts should be used throughout the whole market, not just investment banks.
I bought CSIQ to invest in the company, and hopefully catch an industry I believe in. When I found to be just a trading stock, with most of the float being naked shorts, I had to sell the stock. I don't think naked shorts helps any company grow or the investors to be able to make any money without doing those naked shorts which hurt the industry and the individual stocks.
Stop naked shorts throughout the entire market