GeminiAtlas

Short Selling: The Free Speech of Wall Street

I just got screwed on SEF (Short Financials ETF), down 78%. That is very dangerous to change the rules mid-stream like that. All the willy-nilly moves by the gov't will end up undermining the confidence in the system in the long term (despise the cheering you hear in the short term). It's pretty much like the ref in a game that chooses to enforce rules haphazardly, what happens? Both teams and fans get pissed off real quick. I have no problem them enforcing the "no naked shorts rule", but I have a problem with them stopping the legal shorts. Now what are the short traders supposed to do? Buy the garbage stocks in a long position, yeah, right... watch for a lot of money sitting on the sidelines. Anyways, can anyone explain why SKF (ultrashort financials) is higher than SEF? trying to figure that one out.