Short-selling ban
The UK just announced they are banning short sales on financial stocks till January 2009. Just got me thinking of a crazy thought where short selling was banned across the board in the US. That would really mess up my trading :)
Imagine only having the option to go long. Interesting.
Anyway... here's the story.
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10 comments:
Limited to financial stocks but market manipulation anyways. Also finding it difficult to get decent set-ups last two weeks. Ralph
Hello 00nr7.
I'm in the UK as you know...and I'm still surprised they could do this. It will only be a temporary thing though.
Just wondering, why did you change the looks of your blog. Previous one was very pleasing to the eyes.
To lay at the feet of short selling the blame of this financial crisis is pure bs! It was the extreme leveraging, ie greed, of financials concerns that brought about this crisis. All is well when the prices of houses is going up and everyone is buying into the buying of houses at any cost and nobody cares about due deligence but all of a sudden someone is holding the bag and watch out below!! Naked or not it's bs.
anon: I know what you mean about the blog but it's much more easier for me to change or add features with the current template. Also, viewers can look at all the labels and archive much better than before. So, aesthetically is sucks but from a practical/useful perspective the new layout is better. I still want to tweak with colors and stuff to make it more like what I had before but with the layout functions of the current template. Thanks for the feedback.
bl: I agree. Although I would imagine short-sellers can make a bad situation drastically worse during panic selling moments. But, yes, the real problem is with the management of the company.
anon: just made some changes to the coloring and stuff... more like what I had before. Works for me... hope you all like it as well.
Apparently some reports are out of the possibility of banning short selling across the whole market. (It's on TraderMike blog).
Shall we all start buying now and watch the money roll in ?
OO:
please change the color to what it was before.
I been losing since you changed the format.
anon: ahhh... so you've experienced the power of my blog. Change the color and the market tanks. Well, I just changed it again today and watch it soar.
traderam: yes, the US is banning short sales on financial stocks as well. Although, like you, I wasn't exactly sure if it was limited to financial stocks only and they didn't list an end date like the UK. I seriously don't think we'll have problems finding long opportunities today. However, I just hope they don't shoot out and hit their fib. ext. first.
It's WILD out there ...
Since Tuesday I have problem back filling my charts. I use IB for back filling. What do you use OONR7?
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