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lol...............no took what they gave you then.....right
GL i wont be posting much to start........gonna get a fill for the open, and get my sack full :) GL all be careful
for you i hope so too
gonna watch.....a lot of people will sell into this, and you can't blame them after the last week....if they held
i've my head phones on.........trading jams
watch the the open, and the first 30 min should tell the tale
tick tick tick booooooooooooom
they will hit tech, and everything else........and short financial stock again after the ban........then same ole game
yes, i think the no short rule is good until oct 2 for the 799 stock......so until then bull
GS 140 +31% was at 85 yesterday
pull those straps up tight............get all you can while you can monumental day possible
dow +350 s&p +50 naz +45
WASHINGTON - The Securities and Exchange Commission took the dramatic step early Friday of temporarily banning the routine practice of betting against company stocks.
The move, announced on the agency's Web site, may well be unprecedented and a reflection of regulators' concern about the widening scope of the financial crisis as entreaties come from all quarters to stem a swarm of short-selling.
In the announcement, the commission said it was acting in concert with the U.K. Financial Services Authority in taking emergency action to "prohibit short selling in financial companies" to protect the integrity of the securities market and boost investor confidence.
"The commission is committed to using every weapon in its arsenal to combat market manipulation that threatens investors and capital markets," SEC chairman Christopher Cox said in a statement. "The emergency order temporarily banning short-selling of financial stocks will restore equilibrium to markets."
The move, he said, would not be necessary in a well-functioning market and is only a temporary step that is part of the actions being taken by the Federal Reserve, the Treasury and Congress.
A recent wave of the market maneuvers — where traders seek to profit by selling unowned shares of companies in the anticipation their prices will drop — has been blamed in part for the demise of venerable investment firm Lehman Brothers and other big companies.
Cox, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke held a closed-door meeting Thursday night with members of Congress.
The SEC said its action calls a time-out to aggressive short-selling in financial stocks and said it would consider measures to address short-selling in other publicly traded companies.
Short-selling, in a normal market, contributes to efficiency while adding liquidity to the markets. But now, the SEC said, it appears that "unbridled" short-selling was contributing to the sudden price declines in the securities of financial institutions.
On Wednesday, New York Sens. Charles Schumer and Hillary Clinton, both Democrats, appealed to the SEC for such a temporary ban, saying the watchdog agency "has the power to take a temporary but important step to help restore a measure of stability to our financial markets."
The California Public Employees' Retirement System, the nation's largest pension fund, said that starting Thursday it is no longer lending out shares of Goldman Sachs Group Inc. and Morgan Stanley, joining a growing number of public pension funds that are attempting to curb short-selling of two investment banks' stocks.
GM all futures dow +270, s&p +40 naz +39
SEC to temporarily ban short-selling: report
By Robert Schroeder
Last update: 7:53 p.m. EDT Sept. 18, 2008
WASHINGTON (MarketWatch) -- The U.S. Securities and Exchange Commission intends to temporarily ban short-selling, The Wall Street Journal reported Thursday night. It's unclear if the commission has approved the move, the Journal reported. SEC Chairman Christopher Cox, Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson were briefing congressional leaders Thursday night. The U.S. move would follow a similar action by U.K. regulators on Thursday.
WOW.....BULL RUN hey
i hope so, got my guns loaded, and ready
very nice, had to miss almost the hole day
MS go baby
oil 99 + 2.00
hey i'm with you.......more power
lol tech nut
FRE,FNM both up PM both made moves yesterday on watch at open
welcome back max...........you were missed
MS earnings today after close
2 days in a row they closed
just seen all that too on cnbc
very ugly......i'm all cash again, and will stay this way everyday before close....unreal GS was down 25% at one time today..sheeeeeeesssssssssshhhhhhhhhh
dow -453.84 = -4.10%
looking good here mc
oh yes.......