Whether you are seriously concerned about naked short selling or think it's an overblown conspiracy theory, it's an interesting story to follow. Bloomberg recently did a special on the scandal, and that video is now available on YouTube: Do you want to know what naked short selling has in common with The Producers? Watch this show to find out.
The Bloomberg video is one of the few mainstream sources to provide detailed coverage of naked short selling. While I have tended to think the scandal was much ado about nothing, this video makes me reconsider.
Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
Serious Money: Cheapest Stocks List Shrinks from 26 to 21
Chasing Value: Hasbro Earnings Makes My Point
Reader Comments (Page 1 of 1)
3-16-2007 @ 10:27PM
Scott Neuman said...
What amazing story to read and it sounds completely true. It certainly explains the huge amounts of profits in todays market place for the hedge funds, banks and market makers. It's counterfeiting with a new name and those responsible should be brought to justice and their profits discourged.
4-02-2007 @ 9:56AM
jcernharth said...
no doubt there is a problem here. if you can track it down, check out the detailed report put together by Overstock's CEO. Long, but good education.
4-05-2007 @ 6:27PM
robert kley said...
The following website descibes a new approach to short sales: http://www.shortsaleinformatics.com