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Re: A stock trader explains where Robinhood went wrong after the GameStop debacle. 

By: Decomposed in 6TH POPE | Recommend this post (1)
Sun, 31 Jan 21 8:14 PM | 39 view(s)
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Msg. 12344 of 58662
(This msg. is a reply to 12341 by Zimbler0)

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Zimbler0:

Re: “But I absolutely can not see how a 'naked short'
could possibly be legal. One is NOT allowed to
'sell' something that does not exist are they?”
Absolutely not. It's been illegal for more than a decade. Yet it still happens due to flaws in electronic trading systems, doesn't it? Let's hope that the class action lawsuits filed by the Reddit traders expose the crooks and ruins 'em.







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The above is a reply to the following message:
Re: A stock trader explains where Robinhood went wrong after the GameStop debacle.
By: Zimbler0
in 6TH POPE
Sun, 31 Jan 21 7:00 PM
Msg. 12341 of 58662

I can see why shorting a stock can be . . .

But I absolutely can not see how a 'naked short'
could possibly be legal. One is NOT allowed to
'sell' something that does not exist are they?

Zim.


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