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First Trust Mega Cap AlphaDEX ETF Message Board

  • fwc_man fwc_man Jan 14, 2005 5:12 AM Flag

    Why the trading? Naked shorts?

    up 1,400% on 01/13/05


    This is one of my holdings from over a year ago. They have already approved the cancelation of the stock and are waiting on the final confirmation hearing at the end of the month. I had bought a small position because it was a tax loss sell at the end of '02. I should have dumped it for a small profit a year ago, but I held just to follow it. I can understand the selling of the 2.92 Million shares for tax reasons, but who would buy it? This is about 25% of the shares out and involved at least $10,000. Who would piss that much away?

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