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Re: chloebware post# 27154

Friday, 03/05/2010 8:20:12 AM

Friday, March 05, 2010 8:20:12 AM

Post# of 233825
Your post below is wrong!

"First a pinkie cant be shorted and the real question is... who in their right mind would. Come on man stay real here."

Pinkie shorting is allowed and practiced every day. The only exception to that is the retail trade in the United States. The Brokers and Market Makers practice shorting pinks every day at the disadvantage to the retail trading investor. Its highly profitable and the reason its done. Much is being done to address the problem of shorting and naked shorting, (failure to deliver), by Congress and the SEC. The reinstatement of the uptick rule will help but its not the answer alone. Follow the money and where there is big money expect brokers and institutions will find a way to get around any upcoming new laws.


This is only my opinion!

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