“Am I out in left field...in my belief that naked shorting generally only happens on foreign exchanges? And in OTC type stocks?
“
Hard to say, but I suspect that few would naked short a Blue Chip as they typically don’t offer much gain in a short. If they did, I suspect they would be naked shorted, and I believe that is the only reason for the SEC announcement on naked shorts as we are watching Fortune 1000 stocks take a dive.
Over a long term period...I'd agree. Swing trades..on down-trending charts...I'd disagree.
If they did, I suspect they would be naked shorted, and I believe that is the only reason for the SEC announcement on naked shorts as we are watching Fortune 1000 stocks take a dive.
Well...we will never know. I'm just a small time trader...that trades with a loose group of friends. Brokers, lawyer's, hedge fund traders, etc....I only know what's happened to me, and others...when I've tried to short some stocks. And my brokers don't have the shares to borrow.
That being said....who in the heck really knows what the big houses have done?
Thanks-