The short sellers cut down every rise eminent in the financials .
Most obvious is what had happened in the morning of July 14 .
FNM / FRE traded over $ 11 before the bell in response to the Sunday's backing announcement .
After the bell , the two were short sell down to about $ 7 in about a 10 minutes time .
Not just the said two , all bank stock were short sell down drastically .
The short sellers are well fed in the expense of the banks' equity .
The concerted power released in such a short time can only be done by some conspired group of short sellers .
I do think that the Administration is doing the right thing in curbing short sellings , at least on a temporary basis .
USA is facing a financial war and not just a simply market of supply and demand .
Short sellers can take a vacation leave to spend their money easy earn in expense of the economy .
Give the banks a chance to survive , please .
Let the investors get back to their old habits of viewing that a significant rise would mean a sign of recovery from the rock bottom price rather than being a signal to a further major drop .
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The short sellers cut down every rise eminent in the financials .
Jul 15 15:42 pm
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All Comments by friend »The SEC Panics [View article]
Most obvious is what had happened in the morning of July 14 .
FNM / FRE traded over $ 11 before the bell in response to the Sunday's backing announcement .
After the bell , the two were short sell down to about $ 7 in about a 10 minutes time .
Not just the said two , all bank stock were short sell down drastically .
The short sellers are well fed in the expense of the banks' equity .
The concerted power released in such a short time can only be done by some conspired group of short sellers .
I do think that the Administration is doing the right thing in curbing short sellings , at least on a temporary basis .
USA is facing a financial war and not just a simply market of supply and demand .
Short sellers can take a vacation leave to spend their money easy earn in expense of the economy .
Give the banks a chance to survive , please .
Let the investors get back to their old habits of viewing that a significant rise would mean a sign of recovery from the rock bottom price rather than being a signal to a further major drop .