RE:Naked shorting?billyg1 wrote: I remember Oberstocks CEO (or somebody from the tech boom) actually buying more shares than were listed as outstanding and it was just st the crooked naked shorts that facilitated it. What's to keep somebody from naked shorting this one?
i think you have to be an idiot to do that but if the motivation was to 'protect the fishies', it wouldn't surprise me from this crowd........
If there's enough intrinsic value in the company, evenutally the shorts will get a margin call, providing the company can successfully wage information warfare against the shorts and demonstrate true intrinsic value.
When it comes to the stock market; in the short-term it's a voting machine ... in the long-term it's a weighing machine.