cwd Posted September 19, 2008 Report Share Posted September 19, 2008 Is that safe? Will you be able to get your money back if it gets locked up in some way? 690948[/snapback] I would be real careful about that, at least until this shortban is over, but everybody now knows they will put it on when ever the market starts to sink. Link to comment Share on other sites More sharing options...
cwd Posted September 19, 2008 Report Share Posted September 19, 2008 The hour of power is up on us. Marie is having the big O on TV. Bob Pissonme talking about the hocky stick, can't figure out why it has not continued to move up Link to comment Share on other sites More sharing options...
Jetlag Posted September 19, 2008 Report Share Posted September 19, 2008 How about on the open? That was the premarket talk on CNBS. That is great for exec bonuses. 690951[/snapback] They're fighting reckless behavior with more recklessness. No doubt these measures are being undertaken by the same guyz that got us into trouble. Link to comment Share on other sites More sharing options...
DrStool Posted September 19, 2008 Report Share Posted September 19, 2008 Here's a thought. A friend just emailed me to ask whether I thought his bond fund was safe. I told him to read the prospectus. But it raises the broader question. If the government does insure money market funds for a year, and if one is interested in incremental security, shouldn't one move out of bond funds and into money market funds? Perverse the unintended consequence and incentives created by impetuous government decisions. 690869[/snapback] C'mon. A $50 billion fund to insure the MMFs is pointless. There are trillions of losses buried in those things. Don't get suckered. Anyone know if there are deadline to close all those shorts?I hope it's not as of close today because we might see the mother of all MOONSHOTS into the close. 690886[/snapback] No way in hell that they'd require all shorts to be closed. It would be impossible. The ban is on short selling, not short positions. In a few days, dey gonna be a good thing ta have! Link to comment Share on other sites More sharing options...
Speakeasy Posted September 19, 2008 Report Share Posted September 19, 2008 Hi Earl. We are so far up the arse of the law of unintended consequences, we may never see the light of day again in our lifetime. I think this novel is by a gun nut but a law is a law. Link to comment Share on other sites More sharing options...
DrStool Posted September 19, 2008 Report Share Posted September 19, 2008 taking in the trash - http://wallstreetexaminer.com/?p=3161 Man the thread is gettin longer faster than I can catch up reading it. Link to comment Share on other sites More sharing options...
DrStool Posted September 19, 2008 Report Share Posted September 19, 2008 Dow just broke. Link to comment Share on other sites More sharing options...
DrStool Posted September 19, 2008 Report Share Posted September 19, 2008 Here we go. Down the crapper. $80 billion worth. Link to comment Share on other sites More sharing options...
potatohead Posted September 19, 2008 Report Share Posted September 19, 2008 *DJ CBOE Chmn: Short Sales Ban Will Compromise Market Makers Link to comment Share on other sites More sharing options...
potatohead Posted September 19, 2008 Report Share Posted September 19, 2008 *DJ France's Bourse Regulator AMF Restricts Short Selling Link to comment Share on other sites More sharing options...
DrStool Posted September 19, 2008 Report Share Posted September 19, 2008 This is confusing...Are you sure? Anyone know where i can find the source of this news? 690910[/snapback] The Securities and Exchange Commission, acting in concert with the U.K. Financial Services Authority, 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 U.K. FSA took similar action yesterday. Additional Materials * SEC Order Halting Short Selling in Financial Stocks * SEC Order Requiring Institutional Money Managers to Report New Short Sales * SEC Order Easing Restrictions on Issuers to Re-Purchase Their Securities * Form SH * Form SH Instructions The Commission?s action will apply to the securities of 799 financial companies. The action is immediately effective. http://sec.gov/news/press/2008/2008-211.htm It does not require that short positions be closed. That would be impossible and probably illegal. Link to comment Share on other sites More sharing options...
cwd Posted September 19, 2008 Report Share Posted September 19, 2008 My RKH now up 7.4 down 12 bucks from the high and sinking. This maybe a one day move. Too bad one can not short these pigs. Link to comment Share on other sites More sharing options...
Private Skidmark Posted September 19, 2008 Report Share Posted September 19, 2008 SPX approaching third gap test. Below 1236 would be nice to see for a start. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted September 19, 2008 Report Share Posted September 19, 2008 SKF hitting highs of the day. Link to comment Share on other sites More sharing options...
cwd Posted September 19, 2008 Report Share Posted September 19, 2008 Check the move on this one. Almost a 100% move in two days. ISHARES DJ US RBIF (PCX:IAT) Delayed quote data Last Trade: 38.22 Trade Time: 2:55PM EST Change: 1.89 (5.20%) Prev Close: 36.33 Open: 56.33 Bid: 38.19 x 1000 Ask: 38.26 x 1100 NAV?: 32.07 ?As of 17-Sep-08 Day's Range: 35.61 - 56.33 52wk Range: 21.43 - 48.35 Volume: 1,157,062 Avg Vol (3m): 346,235 YTD Return (Mkt)?: -27.81% Net Assets?: 148.30M P/E (ttm)?: 13.54 Yield (ttm)?: 4.31% Link to comment Share on other sites More sharing options...
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