anyone hear anything? the SHO pilot ends on May1. it was originally designed to test downtick shorting on 500 stocks and decide whether to make all stocks available to short on downtick or go back to how it was.
Compliance with Regulation SHO began on January 3, 2005. The Pilot Program starts May 2, 2005 and is scheduled to end on April 28, 2006. http://www.nyse.com/regulation/regulationsho/1114512102403.html
yeah I do. don't ask my sources, but here's the answer: the pilot was a success. the stocks on the exempt list increased at a greater % than those not on the list. This result was obvious to anyone with a brain, as the more shorts you allow, the better the chances of a price increase. Well, it took the NYSE a year and a pilot program to figure this out. And now come May, all big cap stocks will be exempt. The unfair bias against short sellers will be over forever!
Well, I guess that proves it. Bet the farm. Seriously, if there's no official publication of anything yet, how could you put any stock in some anonymous answer? And what's the point anyway?
I never seen the SEC or the NYSE make such a market changing event without giving the street 6 months warning. Won't happen without giving time to the specialist and the street