August 18, 2005
Please explain to me how and why naked selling is allowed. If what I read is true, then these people can manipulate stock at their leisure. All I know is that some of the stocks that I own appear on a naked selling list put out by buyins.net. I donít have a clue as to how reliable this stuff is. Example: xpention genetics, inc., an up and coming young company went on the naked selling list and now it has pretty much tanked. How are reputable buyers of stock suppose to cope with crap like this. Would appreciate any info you have. No one else seems to know how to counter this.