Enough with this BS "it's not a free market anymore"

Quote from drukes1234:

.. B.S. it's not a free market anymore, in what other "market" can you sell something that you DO NOT OWN? If you think the price of gas is going down at your local station, you wait to fill up. You don't go, take their gas, set up your own station and sell the gas hoping to buy the gas back from the station at lower prices. Markets consist of BUYERS and SELLERS.. not BUYERS, SELLERS and SHORTS... get over it
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Why not ban selling as well? Then we'll all be rich and ride on rainbows with magical unicorns? Oh, wait...
 
Quote from drukes1234:

for the last time.. this is a TEMPORARY rule change to prevent the market from feeding on itself... when a co. like Goldman Sachs considers taking themselves private because the selling is just feeding on itself with absolutely no regard for fundamentals which they have a better understanding of than YOU (don't kid yourself guys, you're not that smart, the fibonacci lines don't tell you what the co know) then it's time to stop the bleeding, put a floor in and re-implement the status quo rules when things have calmed.
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So you're implying that all shorting should stop because GS dropped 40% in 5 days? You should be in the white house then.
 
Exactly right but just how temporary will it be? A day, a week, a month? This is the biggest issue. Governments tend to over do things. They cut rates to aggressively, which leads to bubbles and unsustainable growth. A ban on short selling is not a bad thing as long as it is very short lived. Governments are reactive, not proactive and when they react they tend to bring a market from one extreme to the other.

Quote from drukes1234:

for the last time.. this is a TEMPORARY rule change to prevent the market from feeding on itself... when a co. like Goldman Sachs considers taking themselves private because the selling is just feeding on itself with absolutely no regard for fundamentals which they have a better understanding of than YOU (don't kid yourself guys, you're not that smart, the fibonacci lines don't tell you what the co know) then it's time to stop the bleeding, put a floor in and re-implement the status quo rules when things have calmed.
More...
 
Quote from drukes1234:

Markets consist of BUYERS and SELLERS.. not BUYERS, SELLERS and SHORTS... get over it
More...

Shorting is buying and selling, just the reverse of going long. So no reason to try to create a new category as you did above. Shorting is legal and a way to make $$ in the market. This ban is idiotic.

This is analogous to the NFL banning all passing and requiring you only run the ball.

Both options (run & pass) in football as both options (short & long) in trading should be allowed as a way to maximize your chance of winning.
 
I'm wondering how will this affect the short-ETF's that are structured to go up in value when the market indexes decline. Will those be the next to get ban?
 
I'm more of a short player than a long guy... on several of the 2%+ moves we've had in the last month I have mad a killing (for me) going short and only a few hundred going....

guess I'll be flipping burgers or trading futures...
 
GIMME A FU(%ING BREAK!!!!!!!!!!!!!!!!!!!
GS CRIES FOUL WHEN THEY GET HAMMERED BY THE SAME FOLKS THEY TOOK A STICK TO???????????
utter and complete crap-they are getting what they deserve-they are part of the cause of the whole market decline-they were short in the back room while-SELLING CDO/SIV in the front room last year!!! the wall street journal says they made BILLIONS ON THE WHOLE THING! and they were not done either with the markets i am sure-they have been one of the biggest short accounts in the WHOLE MARKET!
it is a shame that all that money siphoned off of the markets the lat few years is going right back to ISRAEL so they Re-build Solomon's temple on the dome of the rock in Jerusalem !!!
this is all a crime!!!!!!!!!!!!!!!!!!!!!!!!!!!
i agree NAKED short selling is wrong-especially the market makers playing games with stock prices-players should determine a stocks price(buyers and sellers) not MM and buyer, MM and seller-everyone needs to see that the MM controls the stock unless there is too much volume-AAAARRRGHHHHHHHHHHHHHHHH
make em all walk the plank to davey jones locker!
 
I think that there should be a ban on all selling, both long sales and short sales. Once you buy, you own it for life...


A market with now shorts would see stocks open with $00.00 bid and crash in the first few minutes of trading, right?
 
Quote from drukes1234:

.. B.S. it's not a free market anymore, in what other "market" can you sell something that you DO NOT OWN? If you think the price of gas is going down at your local station, you wait to fill up. You don't go, take their gas, set up your own station and sell the gas hoping to buy the gas back from the station at lower prices. Markets consist of BUYERS and SELLERS.. not BUYERS, SELLERS and SHORTS... get over it
More...
in which market can you NOT borrow and sell the stuff?
 
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