Naked short selling

[milkshake]

i was gonna sell my shares bsl to be specific and i set it to a price which is slightly higher than it's current price, cause tomorrow i will be away from the computer.. anyway umm before i can sell they said something about naked short selling, and i was curious how would u know if you are doing it? i looked at my portfolio and it has my BSL shares listed there, but do i have to wait for some sort of confirmation from elsewhere to sell put them out for selling?

 

[jono1887]

i was gonna sell my shares bsl to be specific and i set it to a price which is slightly higher than it's current price, cause tomorrow i will be away from the computer.. anyway umm before i can sell they said something about naked short selling, and i was curious how would u know if you are doing it? i looked at my portfolio and it has my BSL shares listed there, but do i have to wait for some sort of confirmation from elsewhere to sell put them out for selling?

Its just a warning from comsec or whoever your broker is. I think most brokers wont let you sell shares that you own anyway, they'll just reject the order so you probably don't have to worry about it.