"Under the plan, a stock that closes down more than 20 percent would be protected from short sellers for the following three days"
This is a total joke!
Friday, October 10, 2008
Wednesday, October 8, 2008
Total ban on short selling.
The state of the market requires much deeper attention and intervention then previously thought.
If the major indices close lower for the sixth consecutive day, I would expect the SEC and other major market regulators to make a coordinated decision banning short selling for a fair period of time.
I expect that major market players will be informed prior to this worldwide coordinated decision.
If the major indices close lower for the sixth consecutive day, I would expect the SEC and other major market regulators to make a coordinated decision banning short selling for a fair period of time.
I expect that major market players will be informed prior to this worldwide coordinated decision.
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