Thursday, October 2, 2008
SHORT BAN IS EXTENDED
The SEC ban on financial short-selling is extended until three days after the bailout plan is approved. By law, the ban cannot be extended beyond October 17.
Liquidity is terrible and daily exchange volume got cut in half. You would think that these fools have realized that the ban doesn't work. Now that many of the players in the market have slightly pulled away from trading, this has given opportunists a greater chance to manipulation or 'box' a stock, especially a light-float small-cap stock.
Labels:
Short Selling
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