ticker: rimm will be changed to bbry on Monday. Today the naked shorts have to be cover, because all shares have to be recalled and reissued under new ticker.
Technically, the naked shorts must cover today. They may have some magic tricks I may not be aware of. But we collectively can force them to cover high.
So Ladies and Gentlemen, please no selling today!
The problem is it is hard to gauge how many are naked ..most at smaller shops ...they won't have to today but next week for sure or else they will get put on list and bought in if they don't deliver.
Hello, have you guys had experience of selling something. It is not hard to get some sale but difficult to sell a lot.
For rimm, it needs to have a market share of a tiny 5% in the US with the most advanced smartphone available in the market, that would make it very successful and a price of well over $68
It will happen this afternoon. They are in a darkroom, still overly greedy, and all of a sudden a big bang resonate in the room. Instantly, there are screams and crying and yelling all moving towards a tiny exit.
then, there is a stampede!
No wonder you are a loser. Sell limit orders do nothing to stop broker from loaning your shares out. They can & will loan out your shares no matter what you do. That's how they make double commission on same shares. You shouldn't be trading if you don't know the basics. Obviously an amateur Btard.
The ONLY way your shares are protected from being loaned out is if your account is all cash. Period. Get a clue.