Comments on: Evidence of massive naked short selling. Or not. http://www.sequenceinc.com/fraudfiles/2009/10/05/evidence-of-massive-naked-short-selling-or-not/ Thu, 18 Mar 2010 05:52:34 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Kid Dynamite http://www.sequenceinc.com/fraudfiles/2009/10/05/evidence-of-massive-naked-short-selling-or-not/comment-page-1/#comment-184327 Kid Dynamite Tue, 06 Oct 2009 23:15:02 +0000 http://www.sequenceinc.com/fraudfiles/?p=4134#comment-184327 I addressed this in a post today: http://fridayinvegas.blogspot.com/2009/10/rampant-mis-information-and.html the video was completely misunderstood by a journalist who has no trading experience. The screen shown in the video is not a locate request - it's an audit trail screen where locate information is entered - because the stock was not on the "Easy to borrow" list I addressed this in a post today:

http://fridayinvegas.blogspot.com/2009/10/rampant-mis-information-and.html

the video was completely misunderstood by a journalist who has no trading experience. The screen shown in the video is not a locate request – it’s an audit trail screen where locate information is entered – because the stock was not on the “Easy to borrow” list

]]> By: Michael Goode http://www.sequenceinc.com/fraudfiles/2009/10/05/evidence-of-massive-naked-short-selling-or-not/comment-page-1/#comment-184321 Michael Goode Tue, 06 Oct 2009 01:30:13 +0000 http://www.sequenceinc.com/fraudfiles/?p=4134#comment-184321 Yes it looks like the order is canceled. The one key feature that proves to me that this is a hoax is that no matter how scummy a clearing firm is, none would be stupid enough to allow a trader to buy/sell way more than they actually have. Letting any trader buy/sell 10x or 100x more than what they have in their account would quickly lead the clearing firm to bankruptcy. Yes it looks like the order is canceled. The one key feature that proves to me that this is a hoax is that no matter how scummy a clearing firm is, none would be stupid enough to allow a trader to buy/sell way more than they actually have. Letting any trader buy/sell 10x or 100x more than what they have in their account would quickly lead the clearing firm to bankruptcy.

]]>