Citigroup Lobbying SEC to Reinstate Short Selling Ban....Breaking

[gaj]

Quote from ksonsinc:


And i thought you can,t short any stock under $5

that is wrong.

you can short any stock at any price as long as:

1) your clearing firm can get a locate
2) your brokerage allows it and you have sufficient margin per share.

some places require $5/margin/share if the stock is valued at $3, some would require $3/margin/share.

 

[Zodiac4u]

Quote from ByLoSellHi:

Just announced on Bloomberg.

Good thinking, Citi, as that worked so well before.

If citi is concerned with their share price why not ask for the
up-tick rule to be reinstated and not a ban on short-selling. Maybe they want that easy money-low volume selling so they can have some extra money for the Holiday's.

 

[flytiger]

There is something extremely strange about Cox fighting the uptick rule tooth and nail while the empire crumbles. It's going to come back. I can tell you that. But his obstinate behavior is his downhall.

The Politicians hate him. Something big is going to break here. Stay alert.

 

[Zodiac4u]

Quote from flytiger:

There is something extremely strange about Cox fighting the uptick rule tooth and nail while the empire crumbles. It's going to come back. I can tell you that. But his obstinate behavior is his downhall.

The Politicians hate him. Something big is going to break here. Stay alert.

This bear market has reshuffled the wealth in this country in a major way and its my belief that the fed has been behind this whole thing. The fed has pushed us into excepting globalization and in the process destroyed our manufacturing sector, They have involved us in foreign wars that they deemed fit to be involved in and have been entirely funded by our social security. Social security that millions of Americans have come to rely on for retirement that they have spent. They have aided in helping push oil prices higher when we are siting on oceans of oil and now they have had a hand in destroying our financial system. The very same financial system that funds commerce as well as providing many others as a vehicle for retirement. Sure they are saying they are doing every thing they can to fix it. Fed Cox sucker is sitting on his hands while trillions are being skimmed off by his wall street cronies. The very same ones that are some of the largest short sellers. Yup! another great job! Thanks again fed for all your hard work. Wow! I feel better already. Back to selling/buying!

 

[flytiger]

Big guy told me a year or so ago.........
And I mean BIG.

"Wait until Mom and Pop try to retire, and they tell them no. Keep working. They'll be blood in the streets."

Hear Corzine today? Told NJ municipalities they could push out retirements two years.

Phase one, in which Doris, gets her oats.

 

[Mecro]

Quote from Zodiac4u:

If citi is concerned with their share price why not ask for the
up-tick rule to be reinstated and not a ban on short-selling.

You obviously did not trade when uptick rule was in place. It actually creates strong down moves.

 

[nutmeg]

"Wait until Mom and Pop try to retire, and they tell them no. Keep working. They'll be blood in the streets."
------------------------------------------

Mom and Pop retire? it's an Aesops fable. The moral: Pop dies before retirement, Mom lives off Pop's life insurance until she is severely Alzihemic (almost sounds arabic doesn't it? Ali-Abadabado Alzi-Himick) then becomes a burden on her children.

 

[flytiger]

Quote from nutmeg:

"Wait until Mom and Pop try to retire, and they tell them no. Keep working. They'll be blood in the streets."
------------------------------------------

Mom and Pop retire? it's an Aesops fable. The moral: Pop dies before retirement, Mom lives off Pop's life insurance until she is severely Alzihemic (almost sounds arabic doesn't it? Ali-Abadabado Alzi-Himick) then becomes a burden on her children.

What life insurance? See the news on HIG?

Annuity returns are based on a 9 % return for the Insurance Company. Good luck w/that.

 

[Zodiac4u]

Quote from Mecro:

You obviously did not trade when uptick rule was in place. It actually creates strong down moves.

Common sense tells me that there would be major impediment and or impact if it were to be reinstated to countless trading systems and algorithms being used today. If anything it would have resulted in delays and or challenges to most involved on the short side. (lets just call it breathing time) That being said I certainly believe the impact would have been positive on our present market whether it be temporary or not. The longer it takes us to get to zero the greater the chance of more favorable news to come out. It certainly would have worked better than the short selling ban itself. Have a nice day

 

[ByLoSellHi]

I would've called you a CT'er a year ago, but you are making too much sense now!

Quote from Zodiac4u:

This bear market has reshuffled the wealth in this country in a major way and its my belief that the fed has been behind this whole thing. The fed has pushed us into excepting globalization and in the process destroyed our manufacturing sector, They have involved us in foreign wars that they deemed fit to be involved in and have been entirely funded by our social security. Social security that millions of Americans have come to rely on for retirement that they have spent. They have aided in helping push oil prices higher when we are siting on oceans of oil and now they have had a hand in destroying our financial system. The very same financial system that funds commerce as well as providing many others as a vehicle for retirement. Sure they are saying they are doing every thing they can to fix it. Fed Cox sucker is sitting on his hands while trillions are being skimmed off by his wall street cronies. The very same ones that are some of the largest short sellers. Yup! another great job! Thanks again fed for all your hard work. Wow! I feel better already. Back to selling/buying!