A hedge fund manager with MM&E Capital, Tom Elliott, said the move would result in more "downside than upside".
"A lot of firms have positions they need to hedge; if they can't hedge them they will have to dump them into the market," Mr Elliott said.
http://business.smh.com.au/business/asic-in-total-ban-on-short-selling-20080921-4l0r.html
