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  • ogeneration ogeneration Sep 16, 2005 10:46 AM Flag

    Strange happenings

    Yesterday on page 43 of the NY Post there is an article on the pain naked shorts are about to experience....there are a LARGE number of naked shorts in FXENN.....

    "September 15, 2005 -- Traders in Nasdaq stocks are racing to beat a rumored regulatory deadline to close out their positions � or take huge losses as clearing firms do it for them."

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    • The NY Post article was about stricter enforcement of Reg SHO. FXEN has not been on the SHO list snce 1/21/05. I don't think the FXEN price rise has to do with SHO, but that does not mean that it isn't a short buy-in or covering ahead of anticipated news.

      Here's the NYP article and a site that specializes in tracking SHO buy-ins. They were mentioned in the article.
      http://www.buyins.net/nypost.pdf

 
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