Davo I understand what happens but thanks for pointing it out to everyone .
The point I make is our Governments need to be held accountable as they are the ones who make or allow the decisions to operate a supposed free market .
My point ALSO is it is not a free or fair market when folks are allowed to sell something they don't own . Naked shorting is immoral and is also illegal in America yet they have to keep reminding everyone when they should be prosecuting those who are doing it .
I didn't think it was such an issue here as most or all shares are held in chess or some such thing but it is obviously different elsewhere . But when I see that ASX and our Govt has allowed naked shorting then i get my back up .
I don't care what stratergy or offset with eto or warrants/futures etc exist as those markets are crap and geared at big timers but once again I'll say "it is immoral" to allow someone to sell something they don't own . In most instances it is also called stealing . ie; I sell your car then buy it back in the market cheaper and give it back to u before u realise what happened . That is illegal and so it should be with shares .
