To all the newbie shortsellers...
$Trump Media & Technology(DJT.US$ Reminder: Selling shares that you never bothered to even locate and borrow is NAKED SHORTSELLING and in the US, it's illegal and is a great way to get yourself arrested.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
f_4_5_5_0_t : Except people don’t borrow the shares themselves, they borrow them from brokerage firms which are usually the culprits behind naked shorts. You’re clearly a child and don’t know what the hell you’re talking about, so STFU.
Simon 5183 : margin financing is legal. This is a source of income for securities dealers, which is why they don't charge you stock transaction fees.
I Am 102927471 :
10baggerbamm : I got news for you there's no naked short seller police that are arresting individuals number one so nice try little scare tactic not true. number two regardless of where you transact purchases and sales whether it's at Schwab Fidelity interactive brokers and you can go right down the list when you go to sell a stock if it's not physically long in a type 1 or type 2 account that would be cash or margin you're prevented from selling it the system does not let you automatically sell it nakedly as you allude to.. in order to short it needs to be in a type 3 account you need to be approved for it when you open the account with regard to level of risk and experience and there needs to be the ability to borrow the security if not you're not shorting it.. what you need to understand is the people that are guilty of these naked shorts are the institutions transacting the traits the largest banks the largest brokerage firms are the guilty parties there is a 67 page SEC report under sec.gov. it will scare the living shit out of everybody that reads it.. if you think the real estate crisis that took place in 2008 in the United States it almost brought down the world financial markets is bad you need to do a search under Google for naked short and you will see a link to the report under sec.gov. there's trillions with a t of dollars of naked shorts that were never delivered within 30 days to close out the position trillions of dollars of shorts in the open market that are just being swept under the rug and the SEC knows about it and if you read this report you're going to cash everything that you own out of stocks because it could destroy the entire financial systems worldwide if people worldwide read this report.
ScottBreckenridge 10baggerbamm: a mere undred years ago, they were dropping out of skyscrapers.
insurance would have been a great buy