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not sfps i didnt find it on my shorts scan but im sure it has some......
SEC Votes To End Short-Selling 'Grandfather' Protections
June 13, 2007 11:23 ET
By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--The Securities and Exchange Commission voted Wednesday to approve a change to tighten rules intended to curb manipulative short sales,including so-called "naked" short sales.
The change eliminates a controversial exception that shielded existing short positions from requirements to deliver hard-to-borrow shares within 13 days of settlement. Once the change takes effect, short positions previously protected by
the grandfather clause must be closed out within 35 days.
SEC Chairman Christopher Cox said persistent failures to deliver shares sold short seem to be due to the grandfather protections, which the SEC included in 2004 to prevent stock-market volatility. Critics complained the protections
undermined efforts to clean up abuses involving "naked" short sales.
Short selling involves sales of borrowed securities, producing profits when prices decline. The practice is legal, but the SEC's Regulation SHO sought to prevent "naked" short sales, in which short sellers don't borrow securities they sell.
SEC officials said delivery failures have declined about 35% overall since Regulation SHO took effect and have fallen about 53% for hard-to-borrow stocks defined as "threshold" securities.
-By Judith Burns, Dow Jones Newswires, 202-862-6692; Judith.Burns@dowjones.com
(END) Dow Jones Newswires
not sure about it being short but if it is you better bet your ass they are going to cover after todays legislation victory for the little guy........
indeed i always like to see low volume when it drops....
manipulation at its best....
after today watch for shorts to start covering......
works like a charm everytime....
dont worry just passing by.....
i wonder how the shorts in this stock feel about todays landslide victory for the little guy.........??????
inquiring minds wont to know ....?
same range guiddy up......!
if charts tell you nothing you havent been properly introduced......
hermes....
almost time to start loading....
looks like its getting kicked down right now...
watch for bottom .......
needs to break upper resistance but popped nicely
i see so i completely took it out of context when i read it to say you thought he was me because he comes with late signals.......?
i found that quite offensive .......
PEDG
you really miss me huh......?
to my knowledge i am the only a_charting_god and dont need multiple aliases ....
p.s. i called hdtv at .09 way before it took off.....
now if youd like to get your facts straight next time you speak my name i would appreciate it......
lol good morning stock
not sure i bought with scottrade....
damn i guess so...
looks like the last of the shorts cleaning out......
agreed we need to get back over 022-023.....
looking good so far....
give it a few days and we,ll be rolling again.......
she,s going back up ...!
;)
pedg ...
pimp it my man pimp it....
make sure and grab some pedg before close... ;)
;)
n/p boss
doesnt it... :)
PEDG
PEDG at close......
I always look for a bit of short interest....
nothing like catching a brokerage short imo.........
every body in PEDG at close.......!!!!
scottrade and amtd both restrict trades when they are short and covering....
thats when its time to force them to givem up....
every body in PEDG at close.......!!!!
lol
yup thats a fact ...i know first hand....
you,ll catch your groove ...losing skin just helps you find it faster... ;)
you,ll definitely remember them vividly but they sure do sting...
are we about ready to send pedg to mars......?
A NICE CLOSE AND WE ARE OFF... ;)
lol dont we all......
one thing that always helped me was the saying " money flows from the impatient to the patient "...