re: #358 Bagua

Yes, so what naked shorts were you referring to?

The illegal ones, on an unprecedentedly large scale. I never have heard names named. As a small effort to counter them, the markets temporarily reinstituted the uptick rule, but that wasn’t really the problem, and I believe it can be circumvented anyway, especially by agents already bent on ignoring the laws.

Bear, Lehman, and after their prices fell naturally, Citi and BAC were all rumored to be under such attacks. I don’t know the truth, but I suspect many people do, and the facts could probably be assembled from the records even now.