CFZ E-Wiggle Workspace Message Board

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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: rayrohn who wrote (7810)	7/17/2008 1:04:23 AM
From: jaker	Read Replies (1) of 41411

The SEC wants to force feed the Financials up... This will fail but we might get a week or so bump... China tried restricting short sales with a result of a 50% drop. When the short sellers are forced out, which will create a giant vaccum... Then short at will... after retrictions are lifted... imo The SEC's order will require that anyone effecting a short sale in these securities arrange beforehand to borrow the securities and deliver them at settlement. The order takes effect Monday, July 21, and will terminate at the end of July 29. The SEC said the order may be extended, but for no more than 30 calendar days in total duration. The agency identified the following securities affected by its order: BNP Paribas Securities Corp Bank of America Corp Barclays PLC Citigroup Inc Credit Suisse Group Daiwa Securities Group Inc Deutsche Bank Group AG Allianz SE Goldman Sachs Group Inc Royal Bank ADS HSBC Holdings Plc ADS JPMorgan Chase & Co Lehman Brothers Holdings Inc Merrill Lynch & Co Inc Mizuho Financial Group Inc Morgan Stanley UBS AG Freddie Mac Fannie Mae

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