So How does it work for current short positions?
If they all have to be closed on Monday wouldn't that cause a short covering rally?
This is what I read last night on the US situation.
By Howard Schneider: The Securities and Exchange Commission today announced a two-week ban on short-selling of the stocks of 799 financial companies as federal officials continued ramping up efforts to stabilize the global financial system.
"A two-week ban on short-selling" ONLY?
Then-> "quick everbody"-> "close your longs and go short!"
Crazy!
short sellers beware the rules are changing, page-24
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Last
$18.97 |
Change
-0.300(1.56%) |
Mkt cap ! $58.40B | |||
| Open | High | Low | Value | Volume |
| $19.01 | $19.33 | $18.71 | $210.2M | 11.07M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1879 | $18.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.97 | 39173 | 3 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |