I like the new short selling rule

apparently one of the all time greats agrees with stock777. how shocking.




“Those so-called adults who fuss about short sales are really silly. What competent grown-up would short a stock after – that’s after – it has fallen 10%. Don’t these people understand how the stock market works?

Selling short on an uptick is sound, to say nothing of having been tried and true for decades. What in the world is dangerous about that? When these same bureaucrats let them play in the derivatives daisy fields to their wallets content.”

-Justin Mamis

 

I guess you get paid by the post -- mostly useless drivel though.

If they're adopting this BS short sale rule then do the flip side and don't allow anyone to buy a stock up 10%.

Just another way to try to prop up POS stocks that deserve to trade at 'fair value', oftentimes lower than this BS artificial threshold.