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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