Posted on 05/18/2010 11:12:27 AM PDT by nickcarraway
Yup. Good post. Ask any company that has been attacked by shorts with naked short selling. Disgusting.
Yes, and no.
You can short a stock and you have three days (the settlement window) to borrow the shares to cover the short.
If you’re a market maker, you have six days.
You can still open a short position without borrowing the necessary shares when you open the position.
In today’s computer-driven market, the three day window for settlement is pretty much ‘forever’.
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