naked short selling, page-25

  1. madmarket
    2,944 Posts.
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    27/07/08
    22:54
    Post #: 4040441
    ETL, ASX metes out pityfull fines for late delivery of scripts which makes the whole thing very lucrative for hedge funds.What you stated is true in principal but in practise, the hedge funds just copes the fines but makes hugh profit when the shares of the companies they short tank.
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    lightbulb Created with Sketch.  Great analysis
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