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Friday, July 02, 2010 1:16:59 PM
this was posted by camelion on the ivit board, he also is a share holder of hscc on my recommendation.
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In effect in September i believe. Will see how the MM's will counter it.
Washington, D.C.
Feb. 24, 2010
....prevent short selling, including potentially manipulative or abusive short selling, from further driving down the price of a security that has experienced a 10 percent price decline. Limiting the potential for abuse is an important goal of these rules.
And, second, it will enable long sellers to stand in the front of the line, and sell their shares before any short sellers once the circuit breaker is triggered.
http://www.sec.gov/news/press/2010/2010-26.htm
http://www.sec.gov/news/speech/2010/spch022410mlsshortsales.htm
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