News Focus
News Focus
Followers 2582
Posts 329209
Boards Moderated 23
Alias Born 04/12/2001

Re: eliaman post# 1479

Friday, 05/14/2010 12:39:02 AM

Friday, May 14, 2010 12:39:02 AM

Post# of 1794
That is not an appropriate reply to my post.

Yes, the SEC slapped a shorting ban on 19 financial stocks, only one of which--Deutsche Bank--was even on the SHO list. No naked shorting at all. That was one of Chris Cox's very worst moments; he sounded like a sleazy penny stock CEO.

The FACT was that the financial companies were in enormous trouble. Trouble of their own making. They deserved to be shorted into the ground. That's what shorting's FOR: to detect and correct mispricings.

And even Cox admitted months later that his shorting ban had only made a bad situation worse.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today