Yes indeed einstein and all, many 'Australian Investors have been wiped out' which no doubt includes You and I.
The following link ex Yahoo Search:-
http://www.rgm.com/articles/bloomberg2.html
regarding 'Naked Short Selling' explains the rotten practice of 'Naked Short Selling' fairly well, and I'm sure our politicians of BOTH sides don't understand it at all, for IF they did, surely they would have done something to ELIMINATE 'Naked Short Selling'. After all, selling something which You don't own(eg.short selling)is a Crime in other situations, and it should be treated as such in Stock Markets. It seems very possible that many Australian Exploration Shares etc.have been subjected to 'Naked Short Selling' by who ever over the last few years in particular, and now many are completely undervalued regarding their in ground resources. A 'big or rich find' Announcement is needed for to bring some buyers back into the Market and 'burn the backsides' of 'Naked Short Sellers'.
No responsibility taken for any losses in association with this Posting.
