Tuesday, July 15, 2008
Bespoke: naked shorting of stocks.
Bespoke produces this table of stocks believed to be amongst the most heavily shorted. Should Paulsen and Congress successfully restore limits on shorting and enforce the rules against naked shorting these stocks might be vulnerable to a sharp short covering rally.
Update: I wrote this post Tuesday afternoon and then went in today watched the market start to rally said this could get the shorts running and propmtly went back some research I was doing and never pulled the trigger on a share. That Ladies and Gentlemen and Traders is an own goal.