One more reason to trade in European markets... [except London, of course...]Quote from BadCo:
The exchange has mastered the art of doing things that appear to be in the public interest, but are really just ways to make more money for the members. Market Makers have an exemption from the short selling rule. So, they can short all the covering taking place, then, kill demand by having these stocks go sideways for awhile.
So, if you're long, you won't make any money and you're not allowed to be short. When the prices of the fins eventually drop, only the exchange members make money covering.
they don't even declare shorts... they don't allocate... there's no such thing as an uptick... but they DO enforce delivery.
