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.

Combating Cascading Short Spirals

Let's stop the shorts in their tracks BEFORE they decimate another business.
Cox, get some balls and ban them, just like the UK and many other countries did.

What Happened to the Fed's $1.816 Trillion Lifeline?

Notice how the short-sympathizers always call everyone ELSE criminals?

What Happened to the Fed's $1.816 Trillion Lifeline?

Who do you think you're fooling?

This is totally disingenuous:

"...Notice that the ban on short selling didn't stop WaMu and Wachovia from falling 95% after the ban was put in place...."

Don't insult our intelligence. It's obvious the shorts destroyed, perhaps irreparably, confidence in the market.

By the time the ban went in effect, the blood had been drained from these entities.

The SEC needs a robust uptick rule that can't be thwarted by computer trading, and it needs to banish shorts, or at least curtail them severely.