I own quite a bit of DJT. Naked Shorting is when they Short a stock without having to pay the usual costs involved. They make money if the stock goes down and they don't have a loan to pay back if the stock goes up. It's a great way to make money at no risk. It takes insiders of brokerage houses to accomplish this.
I thought it was more along the lines of borrowing/shorting shares that don't exist. Kind of like fractional reserve thing, one actual "allows" using 10X+.
I own quite a bit of DJT. Naked Shorting is when they Short a stock without having to pay the usual costs involved. They make money if the stock goes down and they don't have a loan to pay back if the stock goes up. It's a great way to make money at no risk. It takes insiders of brokerage houses to accomplish this.
I thought it was more along the lines of borrowing/shorting shares that don't exist. Kind of like fractional reserve thing, one actual "allows" using 10X+.
Yes