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Re: lowtrade post# 23459

Monday, 07/31/2006 11:48:05 AM

Monday, July 31, 2006 11:48:05 AM

Post# of 311057
Lowtrade, interesting.

I asked her if the new rule was a result of the naked shorting regulations, and she said not really, it was just to help "protct" both the clients and the brokerage houses.

Same difference, huh?

I agree it is a good thing, I just wonder why the BDs are so cautious about saying the real reason out loud.

Yes, this is a period of caution, which is I why I wanted someone to fully explain the new policy. As a result, I now have an exception that allows me to sell, if I feel it prudent.

One thing for sure, though, nearly everyone is in the same boat, so there won't be much daytrading or profit taking place today....


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If you take anything I say as advice, you're crazier than I am.