Naked Short Selling
So why has it taken so long for the SEC to address the issue of Naked Short Selling! Patrick Byrne Chairman and CEO of Overstock.com has been a vocal opponent to this abusive practice for years. See press release . It doesn’t take a Rocket Scientist to do the math. When you have more shares shorted than the outstanding float, something must be amiss. Where has the SEC been?? This practice obviously has come to the forefront due to the struggles of FNM and FRE. However, this is not a new problem. Large money concerns can deliberately drive down the share value of a stock for purposes of gain, in effect manipulating the market. This is one of the ways that the small investor is getting pushed around. It’s not right and it needs to be fixed. Robin























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