PDA

View Full Version : SEC Bans Short Selling!!!



OwlMBA
09-19-2008, 02:35 PM
Wow! It is a temporary ban on shorting financial stocks.

Maybe short-selling should be banned completely. What do you think?


The U.S. Securities and Exchange Commission took what it called "emergency action" on Friday and temporarily banned investors from short-selling 799 financial companies.

The temporary ban, aimed at helping restore falling stock prices that have shattered confidence in the financial markets, takes effect immediately.

Short sellers borrow stock with the aim of selling it, then buy it back at a lower price, hoping to pocket the difference. The commission said short sellers add liquidity to the markets during normal conditions, but recent unbridled short selling has contributed to the recent tailspin in the stock market.

http://biz.yahoo.com/cnnm/080919/091908_sec_short_selling.html

patriot45
09-19-2008, 02:40 PM
Ban It!
A stock I had was shorted hard and so far it hasn't made it back yet. It was a penny stock, but it had great upside until then.

patriot45
09-19-2008, 02:43 PM
Speakig of stocks, you haven't made any moves in your contest!!

<< Previous Next >>
Current Rank ↓
Nickname
Net Worth
Today's Return
Total Return
Transactions last 40 days

1
Theo
$106,426.40
-12.18%
+6.43%
8

2
patriot45
$105,152.75
+7.22%
+5.15%
3

3
FitGeZy
$101,754.57
+1.56%
+1.75%
13

4
Ashley
$100,000.00
+0.00%
+0.00%
0

5
OwlMBA
$100,000.00
+0.00%
+0.00%
0

6
vicked
$94,314.54
+5.65%
-5.69%
13

7
Constitutionally Speaking
$69,435.70
+9.49%
-30.56%
6

Constitutionally Speaking
09-19-2008, 02:49 PM
Speakig of stocks, you haven't made any moves in your contest!!

<< Previous Next >>
Current Rank ↓
Nickname
Net Worth
Today's Return
Total Return
Transactions last 40 days

1
Theo
$106,426.40
-12.18%
+6.43%
8

2
patriot45
$105,152.75
+7.22%
+5.15%
3

3
FitGeZy
$101,754.57
+1.56%
+1.75%
13

4
Ashley
$100,000.00
+0.00%
+0.00%
0

5
OwlMBA
$100,000.00
+0.00%
+0.00%
0

6
vicked
$94,314.54
+5.65%
-5.69%
13

7
Constitutionally Speaking
$69,435.70
+9.49%
-30.56%
6


I bought Lehman and meant to short it!!!! Got distracted and purchased it normally! DUH!!!!!

JB
09-19-2008, 03:27 PM
Maybe short-selling should be banned completely. What do you think?
I just see it as a temporary tool...much like the market circuit breakers.

Naked short-selling should be banned completely.

linda22003
09-19-2008, 03:32 PM
Naked short-selling should be banned completely.

I agree. Some of those traders are NOT pretty to look at.

Lager
09-19-2008, 04:28 PM
I think Naked short selling should be banned if it's not already, and monitored to ensure compliance. I think shorting stocks is as legit as going long. Crisis or no crisis.

Lager
09-19-2008, 06:08 PM
After seeing what financials did today, how much of that was from limiting short sellers? I know there are many here with more ecomomic knowledge than I, so I ask the question, will this lead to a less accurate measured value of those stocks, or increased volatility?