RE:RE:This is a Beast.....I believe this is Short Covering...I lovThe basic form of
short selling is selling stock that you borrow from an owner and do not own yourself. In essence, you deliver the borrowed shares. Another form is to sell stock that you do not own and are not borrowing from someone. Here you owe the shorted shares to the buyer but "fail to deliver." This form is called
naked short selling. These short sales are almost always done only by options market makers because they allegedly need to in order to maintain
liquidity in the options markets. However, these options
market makers are often the brokers or large
hedge funds, who abuse the options market maker exemption
There is another form called Synthetic sort selling that is even shadier........No one has ever asked me to borrow my shares "so they can be shorted"......MM's skirt or bend the rules all the time.....and AC had high percentage of shares shorted last month..