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!
So How does it work for current short positions?If they all have...
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$18.28 |
Change
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Mkt cap ! $56.28B | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| 18 | 8480 | $18.28 |
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| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 300 | 1 |
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