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TMFEditorsDesk (< 20)

Bravo to the SEC!

Recs

10

July 27, 2009 – Comments (1)

The Securities and Exchange Commission made a good common-sense move today -- it made a temporary ban on naked short-selling permanent.  It is also considering further moves on short-selling. 

Naked short selling (short selling when you haven't borrowed the underlying security) is an example of something that does more harm than good under the guise of "liquidity"; Naked short selling acts like napalm thrown into a fire when markets collapse as they did last fall.

-Anand (who is short-ish, but not naked or selling)

 

1 Comments – Post Your Own

#1) On July 27, 2009 at 4:17 PM, Imperial1964 (97.93) wrote:

But I prefer to trade in the buff.

If I'm not wearing a shirt I can't lose it, right?


Disclosure:
I'm not wearing any shorts.

 

Just kidding.
(Or am I?)

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