lol i love it. did the strict short sale rule prevent fnm and fre from crashing 60% the last 2 weeks? how about jpm $43-$36 the last 2 days? how about 2 1/2 weeks ago when mer hit $32 only to fall to $22. all these were on the list of hard to borrow. its bs and doesn't work to restrict liquidity.
SEC Extends Order Limiting Naked Short Selling Through August 12
- Thread starter EricP
- Start date
It's beyond me how one can speculate going short without borrowing and not getting penalized. I mean, if I opened a car dealership and sold cars with deklivery in one week and never delivered at due dates, that would be fraud and prison. Typical government intervention to stall the whole market to stop the "fraud".
In that case, they should let me print money, as it would DEFINITELY increase the money supply for the economy!
http://ftalphaville.ft.com/blog/2008/08/13/15048/naked-short-selling-laid-bare/
Great chart here, but I can't get it to copy to ET. any of you computer geeks out there, it's a good read.
and as to the LOL crowd. The order was meant to be sure the law was to be obeyed. It said nothing about the price of the securities. The above proves that, if the law is obeyed, the fake supply lifted, and the stock will rise. Eventually, the stupidity of these managements will prevail, but at least they have a fair chance at a capital raise.
Great chart here, but I can't get it to copy to ET. any of you computer geeks out there, it's a good read.
and as to the LOL crowd. The order was meant to be sure the law was to be obeyed. It said nothing about the price of the securities. The above proves that, if the law is obeyed, the fake supply lifted, and the stock will rise. Eventually, the stupidity of these managements will prevail, but at least they have a fair chance at a capital raise.
Here you go... but I'm not a geek, you nerd!
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2028406>
I know that nobody cares, but there's absolutely no logical reason to punish legit short sellers who have done absolutely nothing wrong! If mosquitoes are bothering you, swat the fucking mosquitoes all day long- but leave the songbirds and honeybees in peace. The NSS scumbags could all be placed to rot in pound-me-in-the-ass prison for all I care. Punish them, not us.
I highly doubt that, since all of their shares can easily be borrowed legitimately.