ban on covered short selling

"On Friday, the Australia regulator banned the most controversial form of short-selling, known as "naked" short sales, but did not go as far as U.S. or European regulators which also banned the more traditional form of "covered" short selling.

But the Australian Securities and Investments Commission said in a statement on Sunday that it would also ban covered short selling, which, unlike naked short-selling, requires the seller to first borrow the stock in question from a genuine investor."


Finally things are looking up! Will definitely pick some up tomorrow (may have missed the bottom though). Ban on shorts (naked and covered), great lead in from US and Hamill's report that is due later this month should give BBI holders further confidence.