Re:GameStop Is Rage Against the Financial Machine
by kahrl on Thursday January 28, 2021 @01:46AM
(#25938962)
Wrong.
https://en.m.wikipedia.org/wiki/Naked_short_selling
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Re:GameStop Is Rage Against the Financial Machine
by kgwgk on Thursday January 28, 2021 @01:56AM
(#25939010)
I understood “this” to mean “borrowing [more stock that actually existed] and shorting”.
As your link explains “Naked short selling, or naked shorting, is the practice of short-selling a tradable asset of any kind without first borrowing [...]”
Re:GameStop Is Rage Against the Financial Machine
by detaro on Thursday January 28, 2021 @01:51AM
(#25938992)
After someone has setup a covered short, the stock they borrowed and sold is again on the open market, is it not? And thus could be lent out by the new owner, enabling a second covered short?