Short selling ban ... 799 financial stocks

Per CNBC, the list of 799 financial stocks effective immidiately for 10 days. Can be extended up to 30 days. Looks like the rest of the market isn't affected.

Edited by ogm, 19 September 2008 - 05:04 AM.

what happens to SKF? suspended?

what happens to SKF?

suspended?

No idea, but I'm a buyer at some point on the dip.

I have emergency order in front of me. XLF, SKF and UYG not included/ref'd. They literally just took every component of $XBD and Bkx and threw them down alphebetized.

I wonder, how is a short on an index fund / ETF worked out if several of the components are missing? I propose that there be a new index of indexes minus the unshortable issues.

Edited by spielchekr, 19 September 2008 - 06:22 AM.

okay: so now shorts can concentrate on retail and restaurant and other stocks?!? hmmmmmmmmmmmmmmm ... p.s. it will be FASCINATING to watch how the financials trade after the hype is over and after congress starts getting into the details of the debt takeover thingy.

Edited by humble1, 19 September 2008 - 06:40 AM.

the ONE thing the SEC/FED/Treasury can't force is: the price at which investors place their bids!

okay: so now shorts can concentrate on retail and restaurant and other stocks?!?

hmmmmmmmmmmmmmmm ...



p.s. it will be FASCINATING to watch how the financials trade after the hype is over and after congress starts getting into the details of the debt takeover thingy.

Yep. I've already started moving in on retail. URBN CEO unloading large amounts of stock last few days. I think its getting ripe.

TLB ( Talbots ) also moved up of the lows substantialy. I'm hoping to get it closer to 20, if it gets there.

BKE also starting to look interesting for a short. And ARO. and WRC.

The government didn't fix the main problem.. Joe Shmoe who bought a house he can't afford and loaded it with junk he can't afford on credit cards and bought a car he can't afford, and whos job was shipped to China ... can't pay for the loans, and he's not going on a shopping spree. No matter what gimmicks the government does to manipulate the stock market.

Edited by ogm, 19 September 2008 - 07:01 AM.

I think gs is a good short here but I can't short it.

okay: so now shorts can concentrate on retail and restaurant and other stocks?!?

hmmmmmmmmmmmmmmm ...



p.s. it will be FASCINATING to watch how the financials trade after the hype is over and after congress starts getting into the details of the debt takeover thingy.

Yep. I've already started moving in on retail. URBN CEO unloading large amounts of stock last few days. I think its getting ripe.

TLB ( Talbots ) also moved up of the lows substantialy. I'm hoping to get it closer to 20, if it gets there.

BKE also starting to look interesting for a short. And ARO. and WRC.

The government didn't fix the main problem.. Joe Shmoe who bought a house he can't afford and loaded it with junk he can't afford on credit cards and bought a car he can't afford, and whos job was shipped to China ... can't pay for the loans, and he's not going on a shopping spree. No matter what gimmicks the government does to manipulate the stock market.

Correctamundo!

Banks will be relieved of much toxic debt, but will find a scarcity of borrowers... especially when underwriting loans with "solid" qualifications.

Edited by HoseB, 19 September 2008 - 07:08 AM.