The public doesn't even know that the industry uses Naked shorting. They buy a stock that has a naked short program on it not knowing that the trade can only go down. The industry has placed it's bet on the stock and they run the show. They ain't losing. ZERO CHANCE.
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Q about naked shorting. When these shares are “created” and sold from nothing, do they now exist and get added to the float, and is money made from their sale? Or are they purely imaginary and serve only to manipulate the price lower at the moment? Is this like printing money?
I thought naked shorting was illegal...oh my bad. You did call them crooks.