Another member country of the Global Plunge Protection Team has joined the fray in the rush to ban short selling. Australia has done us one better though by banning shorting any & all stocks in their markets: The Australian Securities and Investments Commission Sunday banned covered short selling of all listed shares following moves by [...]
Posted by 20 September 2008
Picking Your Spots When Selling Short
“Nobody makes money in a true bear market, not even the bears“ | The action this week got me thinking that I need to write a Duru-like missive on shorting. But since I don’t have a Ph.D you’ll just have to suffer through the following rant which I’ll try to keep relatively short. Yesterday Howard [...]
Posted by 20 September 2008
Short-Sale Restrictions and Inverse ETFs
As soon as I saw the list of 799 financial stocks which were banned from shorting I was surprised that the financial ETFs, both long and short/inverse, were not of the SEC’s list. It struck me as very odd that the inverse instruments were still trading yesterday (they were halted for some time) and that [...]
Posted by 19 September 2008
SEC Halts Short Selling of 799 Financial Stocks — Here’s the List
Posted by 18 September 2008
SEC to Ban All Short Selling???
I just got wind of the latest absurdity being kicked around by the SEC — they’re allegedly thinking of banning short-selling all togetherr: Amid the spiraling market crisis and mounting pressure from lawmakers, the Securities and Exchange Commission is considering taking the dramatic step of temporarily banning the routine practice of betting against company stocks. [...]
