I am sure some daytrading companies will still figure out a way to still do it.. Its just too vital for money makers in the business.
hmm, and i was about to open a new account just to get bullets. It always seemed like a big loophole anyways.
This could F' up the stock market...They are going to be missing out on a bunch of liquidity....When is the new short sale rule going to take effect? Anyone know?
gr8trader just sent this out this morning "Effective immediately married put transactions & conversions are suspended pursant to SEC Release on 11/17/03. SEC Memo: http://www.sec.gov/rules/interp/34-48795.htm"