Yes, even though it's wrong, I'd rather see a ban than financial chaos and unrest. However, you don't need short sellers to drive these stocks to 0. All it takes is panic from the existing share holders to take us there.
congrats, look at the GS 100 strike for today's price action, the holy grail. In Market Wizards there is the story of the guy trying to find the Holy Grail; he finds the guru who tells him BLASH (huh?)Buy low and Sell high.
What a fucking bunch of whinos! From 2003 to 2007, these pathetic bulls practically pushed the Dow to 14,000 on thin air and now they want to ban the bears altogether?! I just don't hell understand. Why didn't these idiotic firms hedge their bet? Surely they've heard of derivatives. Better yet, why didn't they go all out short on their own stocks for crying out loud?!!
ImPO it was the right thing to do considering what's happening right now, after all we do need banks.
i have noticed that the spread between u8 and z8 grew quite wide today on spoo. any reason for that?? usually its around 2 pts but went to 6??
Anyone having problems with IB? Not sure if I got filled on a sale at 1202.50 (at least it was small size for me 2 contracts) Edit: Didn't get filled. Restarted software and talked to IB just to make sure. Reshorted at 1202... Stop at 1211 Edit: cover 1203.75 -1.75 (3:32PM) EST
Quite a day for ER2 funerals, up 40 points in two hours. wtf. It's a long time since last saw something like this.