September 26, 2008
The Ban on Short Selling List
We now have learned that the companies on the "no-short selling list," which were supposed to be financial companies, include CVS, Ford, GM, IBM, NYSE Euronext, GLG, Fortress and ICE. These are not financial companies; they have some finanical operations. Why not just put all companies on the no-short list that are in economic difficulty: Your earnings are falling by, say, 10% over the same quarter last yeear, you are on the list. What a joke. We should not have a "no-short" list at all; now it is expanding like a fast growing cancer to more firms and more overseas markets.
September 26, 2008 | Permalink
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