From Bespoke Investment Group:
A First Look At How the SEC's Rules Are WorkingSo what are the naked short sellers doing?
For those wondering how the SEC's crackdown on naked short selling has worked, the answer so far is pretty good. One of the tenets of the new rules was that brokers would be forced to close out trades where a counterparty failed to deliver securities on time. Based on this plan, we sent out a list to our Bespoke Premium subscribers highlighting the stocks in the S&P 1500 that have been on the Regulation SHO list of fails to deliver for at least 100 days. As shown by the list provided below, these stocks have averaged a return of over 6% since the time of the announcement. Over that same period, the S&P 500 declined by 3.3%.>>>MORE, including table.
Probably out on their yachts.
Eatin' high on the hog.
Fat and sassy.
This photo really needs no words. Even the hills or mountains in the background look small compared to this big man in his S.S. Fat Guy boat. From Odd Planet