SHO update

Discussion in 'Trading' started by Dtrader99, Feb 14, 2006.

  1. Dtrader99


    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.
  2. BUMP! Good question.
  3. joema


  4. bandit


    Anyone have a clue?
  5. 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!
  6. alanm


    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?
  7. bandit


    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
  8. What index will be used to define "all big cap stocks"?