RE:Here is stat that should anger shareholders!I trader53
from what I have understood,160,000,000 shares sold by House one are probably a day trader or a fund collecting a fews cents on a fluctuations of the shares price...
If they sold ,that's mean somebody bought all thoses shares,but who bought it all?To me the market bought it on the news.
Short selling is legal as long as the borrower secure all the shares before selling them and it is a bit risky.
I am sure you kwow all that stuff but what is worrying me is the Naked shorts sellers;On the research that I have read,it is illegal in Canada and the US but it is not very clear in most articles that I have read.
Do you kwow or someone here on the board,if it is illegal officially...?
I am still hanging in here with a whole bunch of shares and want to add more but that uncertainty concerning Naked shorts selling worry me a bit!
thanks and your posts are very useful