turkeyeyes

Combating Cascading Short Spirals

Actually, the so-called 'circuit-breaker' is little more than a 'short-appeaser'.
Such a mechanism allows a stock to be shorted down as much as 20% on a given day before a 3-day trading hiatus kicks in.
Shorts can gouge out up to 20% before the circuit breaker kicks in. Why should this be permissible? Over 5 trading days of continuous assault, a stock could be decimated.
If the stock is only shorted down to 19% on a given day, no 'circuit-breaker' activates.
This is not acceptable.
The SEC must ban shorts now in line with major European partners.
It's time for longterm investors to have their investments protected and for companies to be valued for their fundamentals, not devalued via lies and innuendo.