Just got this from my broker…Holy Crap… Some folks are going to eat it…
1. Urgent Notification To All Options Traders
2. SEC Bans Short selling on 799 Financial Stocks
1. When placing trades today (September 19, 2008) to open a September uncovered long put or short call on any of the 799 equities restricted from being sold short by the SEC’s emergency order, please be aware that it is your responsibility to close uncovered short positions on September expiration options by 4:00PM EST today (September 19, 2008). Orders are subject to review. You are responsible for any financial impact in complying with this emergency order.
2. The Securities and Exchange Commission, acting in concert with the U.K. Financial Services Authority (FSA), today took temporary emergency action to prohibit short selling in financial companies to protect the integrity and quality of the securities market and strengthen investor confidence. The action is immediately effective. All open orders to short any of these 799 stocks will be canceled. Please refer to http://www.sec.gov for in-depth details of the order.
What’s funny, is that CNBC cheerleader Maria Bartoloser stated in regards to the uber bailout, that the “only thing controversial at all, is the short selling ban”..
nice spin Maria.. spending a trillion dollars of taxpayers money to bail out irresponsible, greedy, unethical, and over leveraged banks, businesses, and various other institutions, even though it isn’t the roll of the fed or the government to do so… well that’s not controversial at all is it?????
What’s funny, is that CNBC cheerleader Maria Bartoloser stated in regards to the uber bailout, that the “only thing controversial at all, is the short selling ban”..
nice spin Maria.. spending a trillion dollars of taxpayers money to bail out irresponsible, greedy, unethical, and over leveraged banks, businesses, and various other institutions, even though it isn’t the roll of the fed or the government to do so… well that’s not controversial at all is it?????
What’s funny, is that CNBC cheerleader Maria Bartoloser stated in regards to the uber bailout, that the “only thing controversial at all, is the short selling ban”..
nice spin Maria.. spending a trillion dollars of taxpayers money to bail out irresponsible, greedy, unethical, and over leveraged banks, businesses, and various other institutions, even though it isn’t the roll of the fed or the government to do so… well that’s not controversial at all is it?????
What’s funny, is that CNBC cheerleader Maria Bartoloser stated in regards to the uber bailout, that the “only thing controversial at all, is the short selling ban”..
nice spin Maria.. spending a trillion dollars of taxpayers money to bail out irresponsible, greedy, unethical, and over leveraged banks, businesses, and various other institutions, even though it isn’t the roll of the fed or the government to do so… well that’s not controversial at all is it?????
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