oregonduck

Wall Street Breakfast: Must-Know News

This article indicates that the SEC will even implement more stringent rules regarding Naked short selling for the broader market, not just certain stocks. I think that this will really help turn the tide and give the longs some traction.

www.ft.com/cms/s/d28fc...

Wall Street Breakfast: Must-Know News

Naked short selling is history as of opening bell tomorrow. As my suspicions tell me that Etrade, as well as other financials, have been victimized by "Naked" short selling, we may see some releif.

news.yahoo.com/s/nm/20...




On Jul 15 04:56 PM RightinSanFr ancisco wrote:

> Unfortunately, over the next several years we will need to work through
> two economic realities:
> 1. We will need to export as much as we import. The dollary must
> decline.
> 2. We are major debtors at personal and governmental levels. Thankfully
> corporate balance sheets (ex banks) are fine.
>
> Aside from the level of pain and the duration, a big question will
> be whether we stay as committed to free market capitalism. Pessimists
> would say - not in a democracy.

Monday Option Update: LEH, WM, XLF, CCRT, ETFC, BDK, GGP, XLNX

EFTC--Buy low--sell high. Today it is at 3.61. If I didnt have all of my money in Apple where I am making a boatload, I would be putting more of it in Etrade now. The only people losing money are the people who succomb to panic everytime they see "unrealized" losses. They are only losses when you hit the sell button.

I actually hope etrade keeps going down another 20-30 cents.