Penson Approves Billion Share Naked Short
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The order wasn't approved because it exceeded the account balance, but what Matt Taibbi is trying to show is that it is possible to locate 80 billion shares of this stock for short selling, eventough it is obvious they are nowhere to be found in effect. This is "share counterfitting" as he called it.
donquichotte3333 2 years ago
Matt Taibbi doesn't even know what's going on here.
powerbookg 2 years ago
yeah. it processed
jesusshootingheroin 2 years ago
Is that the old Hammer Trade system?
CharlieAmsterdam 2 years ago
it didn't reject the trade, it just warned it would exceed limits if processed., right? looks it it processed anyway?
steadtfreddy921 2 years ago
No it was not approved. 27 seconds in a dialog bog pops up rejecting the trade.
dukot123 2 years ago