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- 11 December 2010
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I notice when i go to sell shares through comsec i get this warning.
Naked short selling is prohibited. Covered short selling is
available only through CommSec's Term Short Selling
facility. Therefore, in placing this order you are confirming
that you own the stock you are selling and that the order is
a regular "long sale" (not a short sale).
Im guessing naked selling is selling a stock you havent purchased? Short selling i dont understand? Is that when you have purchased and paid for the stock but selling it prior to the 3 days settlement date?
Cheers matt
Naked short selling is prohibited. Covered short selling is
available only through CommSec's Term Short Selling
facility. Therefore, in placing this order you are confirming
that you own the stock you are selling and that the order is
a regular "long sale" (not a short sale).
Im guessing naked selling is selling a stock you havent purchased? Short selling i dont understand? Is that when you have purchased and paid for the stock but selling it prior to the 3 days settlement date?
Cheers matt