Blocked Shorting

[Enfinity]

I know of at least one large regional b/d with $350 billion + undermanagement whose electronic order system went down on February 27th. I guess it caused a lot of problems as the brokers weren't readily familiar with entering paper orders!

haha...

Quote from Avid_Consumer:

if it's in the working group on financial markets' "red book" or their minutes, then it seems there could be a legal case

for the heck of it, i did contact the joint economic committee and Ron Paul's office in the last week. this level of transparency doesn't seem to be desired outside Representative Paul's office at this time

 

[Enfinity]

I know of at least one large regional b/d with $350 billion + under management whose electronic order system went down on February 27th. I guess it caused a lot of problems as the brokers weren't readily familiar with entering paper orders!

haha...

Quote from Avid_Consumer:

if it's in the working group on financial markets' "red book" or their minutes, then it seems there could be a legal case

for the heck of it, i did contact the joint economic committee and Ron Paul's office in the last week. this level of transparency doesn't seem to be desired outside Representative Paul's office at this time

 

[Avid_Consumer]

poor paper

http://www.youtube.com/watch?v=_pGvEGFkvNs&eurl=http://www.cynical-c.com/?p=7143

 

[nassau]

Quote from risktaker:

It seems to me there are all kinds of ways to screw participants, especially shorts. Crossed markets where you can't get long/short/cover. Exchanges experiencing "technical problems". Shares simply not available to short. Hard squeezes to scare the crap out of the shorts. You name it, wall st knows the trick.

your are absolutely correct let alone having to deal with the specialists etc.
how many times on the nyse do you see bid/ask minutes late after open, or bid/ask spread 40-50 cents for 10 or plus minutes.
dollar moves on a few hundred shares on open etc.
there are specialists who have received thousand of reprimands, no fines. It is total bs.
a good example of this is the retail clothing and steel sector.

re broker and shorts, just give you broker and call and let them know you want to have always the ability to short x stock.
that's it.
You would be surprised how many times in liquid stocks shorts shares are not available, nvda,rimm,brcm,mrvl
the broker has to own shares to allow you to short - for compliance
re legal action, don't waste your time. Your pockets are not deep enough, sec,nasd couldn't care and create so much paper work let alone expect your account to be frozen - pending the litigation etc.
the above is just par the course and the nature of our beast.
banks/brokers are legalized thieves.

w

 

[Avid_Consumer]

i guess the notion of a free market that represents the relative competetive merits of assets is naive, or obscolete

the problem is that the false reporting, rampant monetization and leveraging, price gouging and support have to have long term effects. accelerating wealth stratification, risk mispricing, convenient defecits etc .. maybe even hyperinflation

a market biased against correction on an infrastructural level is a recipe for national disaster and contradicts the concept of free and fair markets. very unamerican, isn't it?

 

[ChaosNSX]

free market thats a good one..