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Days Of 'Naked' Short Selling In Biotech Might Be Numbered

By Randall Osborne


Monday, August 30, 2004

To those who don't know better, "naked short selling" might conjure the image of an online day trader, tapping away on his keyboard in the nude. Many who do know better wish they didn't, since the reality of the illegal practice is much less amusing - especially for companies on the wrong end of the deals, such as smaller-cap biotechnology firms.

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