the naked short theory is specifically debunked, you should read the reportpic.twitter.com/Om17T0SCLq
-
-
Replying to @drewg__
would refer to you page 21 "GME short interest (as a percent of float) in January 2021 reached 122.97%"
1 reply 0 retweets 0 likes -
Replying to @jasagaxbt @drewg__
seems interesting in which they 'debunk' naked short selling and then explicitly provide information contradicting it in the same report.
1 reply 0 retweets 0 likes -
Replying to @jasagaxbt
maybe i'm not following, how does that confirm the theory?
1 reply 0 retweets 2 likes -
Replying to @drewg__
definition of naked short selling per Investopedia is, "Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist." if short interest is reported to be more than the whole float, as is/was the case...
1 reply 0 retweets 0 likes -
Replying to @jasagaxbt @drewg__
then that is exactly the definition of naked short selling. selling shares that don't exist (i.e. the amount percentage wise over the available float, as described in the report.)
1 reply 0 retweets 0 likes -
Replying to @jasagaxbt
I would urge you to research rehypothecation, this is the phenomenon which causes short interest to occasionally show >100%. This is a perfectly ordinary thing, read the below for a primer.pic.twitter.com/Za2p5Dr1Jo
2 replies 0 retweets 5 likes -
Replying to @drewg__ @jasagaxbt
Sherstock Holmes Retweeted Lucy Komisar
What is perfectly normal about a stock over 100% short? Care to debunk?https://twitter.com/LucyKomisar/status/1450244491361783809 …
Sherstock Holmes added,
Lucy Komisar @LucyKomisarReplying to @dlauerSEC says same shares lent multiple times. Exactly the problem. If shorter didn’t borrow & buyer lends out entitlement, 2 shares = 1 real, 1 counterfeit. Plus, loan may be a “synthetic” options creation, also fake. And on and on. Look up rehypothecation. (Lehman Bros London 2008)2 replies 0 retweets 1 like -
Replying to @HiiighKevin @jasagaxbt
I'm saying the mechanism that makes it possible is normal, there's nothing sinister about rehypothecation per se. It's true that GME was unusually highly shorted, but that had nothing to do with market structure and more to do with the business fundamentals specific to GME
2 replies 0 retweets 5 likes -
Replying to @jasagaxbt @HiiighKevin
From what I gather it's a conspiracy theory surrounding market makers and penny stocks
9:10 PM - 18 Oct 2021
0 replies
0 retweets
0 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.