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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (36515)	8/15/2012 11:13:17 PM
From: Sergio H	4 Recommendations Read Replies (2) \| Respond to of 218821

Gold stocks look like they have bottomed. ke

To: Hawkmoon who wrote (36515)	8/16/2012 8:10:05 AM
From: chartseer	Read Replies (1) \| Respond to of 218821

Firms are only suppose to allow shorting against stock certificates they actually have on premises. Besides these shares there are always certificates put away in homes,safety deposit boxes and those misplaced or lost. Seems firms may not have followed the rules and there were more shorts than firms actually had on hand. It caused quite a panic as shorts and firms short had to buy to close out trades. It seems this caught many shorts off guard who thought they could just go out remaining short.