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Strategies & Market Trends : Contrarian Investing
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To: Wallace Rivers who wrote (2503)9/20/2008 11:35:16 PM
From: pcyhuang1 Recommendation  Read Replies (1) of 4080
 
Wallace:

You are quite right in making the distinction between shorting and abusive naked shorting. I totally agree that the SEC should allow shorting but not abusive naked shorting. The SEC should make a clear and permanent distinction between the two.

As to the temporary ban on shorting of 799 financial stocks until Oct. 2, unless extended, I think that the SEC is just trying to calm the unusually violent market.

Cheers,
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