Ban on shorting 799 companies

Joab · Sep 19, 2008

Quote from mxjones:

The Pakistani example of banning short sales:

By notablecalls

A smart hedgie pinged me with the following:

An extreme example comes from Pakistan where the local SEC responded to a stock slump last month by banning short selling and limiting daily price declines to 1% while allowing them to rise by 10%. The initial reaction was a massive 8.6% one day rally followed by 15 straight days of slumping prices amid extremely low turnover, the worst such period for that market in several years. As rioting investors stormed the Karachi Stock Exchange last week, the rules were rescinded."
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Ha !

Well Americans are too bitch slapped by BUSH to do anything more then whine, so I doubt that there will be a similar reaction.

alientrader · Sep 19, 2008

Quote from mxjones:

The Pakistani example of banning short sales:

By notablecalls

A smart hedgie pinged me with the following:

An extreme example comes from Pakistan where the local SEC responded to a stock slump last month by banning short selling and limiting daily price declines to 1% while allowing them to rise by 10%. The initial reaction was a massive 8.6% one day rally followed by 15 straight days of slumping prices amid extremely low turnover, the worst such period for that market in several years. As rioting investors stormed the Karachi Stock Exchange last week, the rules were rescinded."
More...

aha allow it to rise by 10% LOL the pakis thought they had this figured out LOL

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Ban on shorting 799 companies

Joab

alientrader