Naked Shorts
On Jan. 10, the exchanges began publishing lists of stocks with big enough naked short positions to trigger alarms. Brokers were given 13 trading days from that date to solve the problem. They'll do so by making clients buy stocks they've sold short to "cover" their naked short positions.
The top 11 naked shorts are Winn-Dixie Stores (WIN), Global Crossing (GLBC), Salton (SFP), American Pharmaceutical Partners (APPX), Krispy Kreme (KKD), Biosite (BSTE), Pre-Paid Legal Services (PPD), American Italian Pasta Company (PLB), NovaStar Financial (NFI), Biolase Technology (BLTI) and Introgen Therapeutics (INGN).
Winn-Dixie and Krispy Kreme have been on my death watch for 6 months.
The top 11 naked shorts are Winn-Dixie Stores (WIN), Global Crossing (GLBC), Salton (SFP), American Pharmaceutical Partners (APPX), Krispy Kreme (KKD), Biosite (BSTE), Pre-Paid Legal Services (PPD), American Italian Pasta Company (PLB), NovaStar Financial (NFI), Biolase Technology (BLTI) and Introgen Therapeutics (INGN).
Winn-Dixie and Krispy Kreme have been on my death watch for 6 months.
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