They just banned short selling in US

[Daal]

Does anyone know whats the lastest figures on NYSE and Nasdaq short interest figures?removing these players overtime should add a significant premium to stocks

 

[luckybastard]

Mortgages were sold to people, knowing they would never be able to pay them back. Credits were given, without any questions. Of course, this HAD to go wrong and so it did, banks lost billions of dollars. So how come, the SEC is pointing their fingers at us, the traders, like WE are the bad guys, like WE caused all this mess ?

F*ck, if they had even cared before, when banks were selling mortgages to jobless people, we wouldn't have been in this mess in the first place.

 

[lynx2004]

Well, without shorts bidding to cover and support the market, it is more likely a small down move can snowball into an avalanche i.e., crash -- may be PPT has to be deployed more often. Still market will find its way to go where it belongs.

I sold a little ES 1234 to see it go thru to 1240. Will see where I cover tomorrow. This is ridiculous. FMMA (Free Market My Ass).

 

[nitro]

Quote from lynx2004:

Well, without shorts bidding to cover and support the market, it is more likely a small down move can snowball into an avalanche i.e., crash -- may be PPT has to be deployed more often. Still market will find its way to go where it belongs.

I sold a little ES 1234 to see it go thru to 1240. Will see where I cover tomorrow. This is ridiculous. FMMA (Free Market My Ass).

You are fighting the ENTIRE US government now. Not only that, it is pissed.

May you valla con dios. If this thing is announced, you are going to get reamed. There won't be any prints in-between here, and there.

nitro

 

[george_s]

Inverse ETF's generally short futures not stocks, so they should not be impacted. In fact they will be much more attractive with greater liquidity

 

[rhamos]

We didn't have any problems trying to short NYSE and nasdaq stocks at our prop firm today...will that not be the case tomorrow?

Frightening, but this is supposed to be temporary...a lot of guys seem to think they will never be allowed to short again.

 

[mokwit]

I heard they were going to ban short selling by foreign car dealerships to protect the US auto industry.

Apparently some of these dastardly foreign auto "short sellers" take money by selling a car they don't have in inventory with a promise to fill the order at a later date. This is a short sale. There have been cases wheter they have Failed To Deliver on the specified date.

Any other suggestions where short sellers need to be reined in to protect US interests

 

[nitro]

Quote from rhamos:

We didn't have any problems trying to short NYSE and nasdaq stocks at our prop firm today...will that not be the case tomorrow?

Frightening, but this is supposed to be temporary...a lot of guys seem to think they will never be allowed to short again.

Of course it is temporary. I would be astonished if it lasts one week.

You can treat this like an earnings or FDA approval on a biotech stock - a binary event. Approve? Gap up $20. Not approved, gap down $20.

The difference is, you are playing against an invincible foe if you play no approval.

nitro

 

[killthesunshine]

Quote from nitro:

You are fighting the ENTIRE US government now. Not only that, it is pissed.

May you valla con dios. If this thing is announced, you are going to get reamed. There won't be any prints in-between here, and there.

nitro

who are they pissed off at? seriously who's to blame for what?

 

[ssblack]

Well, won't this mean much more continuous moves / trending markets now?

Either straight up, or straight down when the puke point is reached globally.