For those who dabble in stocks and count on CNBC for financial information, you may want to give it a second thought. The big boys will only let you know so much and here is a prime example. The mask slipped for a moment.
“Short Selling” is the secret sauce for making money in a losing market. Hint on what went wrong.
Short selling involves borrowing a security whose price you think is going to fall from your brokerage and selling it on the open market. Your plan is to then buy the same stock back later, hopefully for a lower price than you initially sold it for, and pocket the difference after repaying the initial loan.
Since you only have to put up half the value of the stock one can make twice the money. The trick is to ride it on the way down and buy it before the price of the stock rises to some point. “Short Covering” is closing out one’s position in the stock.
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Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock or determine that it can be borrowed before they sell it short. So naked shorting refers to short pressure on a stock that may be larger than the tradable shares in the market.
Despite being made illegal after the 2008–09 financial crisis, naked shorting continues to happen because of loopholes in rules and discrepancies between paper and electronic trading systems. From
I mean yeah, now after they know what she was about to say or had a chance to tell her what not to say, they can feel comfortable bringing her back on. But we saw the fear coming out when they didn’t know what she will talk about.
The whole recent rally was short covering and continued by big wall street money/hedge funds who have the money to move the market to suck in retail (us little people) before they reopened their short positions and sell “Out of the Money Calls” before they short everything back down to retest recent lows.
It is fraud, “US equities positions reached their highest net short levels in over 10 years” aka cheating via naked shorting has been the worst it’s been in over a decade. What frauds, thank you for exposing yourselves.
Since I wandered into the money angle for today’s post, I thought I might add this piece of joy in case you missed it.
We handed the IRS $80 billion so they could start targeting $600 ebay transactions.
What an expense for ebay.
Ebay: What you need to know
The Best of the Swamp.
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