Post by
TechTarget on Oct 22, 2015 10:00am
Naked Shorts ARE here, they caused the pile driving down!
Look up "naked shorts", used by hedge funds when a stock/sector is in a downtrend to benefit from that downtrend.
Investors get WIPED OUT! They panic on the dramatic SP decrease and sell at these levels. Who buys?? AGGRESIVE SHORT TERM INVESTORS (like me and many others here) and the crooks that have shorted with stocks they don't own!
They have three days from the time of the naked shorting to cover (actually BUY stocks)!
TICK TOCK! :-)
Comment by
humbledude on Oct 22, 2015 10:02am
and from the current buying in, they are covering now.