RE: Naked Shorts....get readyA very good listen indeed Yoshitoshi! In Canada (sadly) naked shorting is not illegal! It's kind of the wild west here north of the border!
Oil looks like it will make a new high today! I've got to believe we'll see $150 oil this month! I wouldn't be surprised to see PCQ spike up into the low $0.80's today.........whether it will hold...........who knows! Some of the Quebec plays have waken up from their slumber! It is a matter of time before PCQ goes well above $1 for good!
Hang on to your quality oil/gas & PM stocks as they will more than likely trade at multiples of current levels!
OT - It should be interesting to see if there is some intervention by the "powers that be" to stop the bleeding of Lehman, Freddie & Fannie! There shouldn't be intervention as the excess needs to be wiped out! It's not the government or the Fed's mandate to bail out greedy & stupid bankers at the taxpayers expense!
All the best,
The Bluenote