Short Sale Ban - Renewed or not?

Discussion in 'Stocks' started by rickf, Sep 30, 2008.

  1. rickf


    Anyone know what's on the SEC's mind for the end of the first SEC shortsales ban this week?

    Renewing it? Nixing it?
  2. JCVR


    I'm pretty sure it's getting extended for another 30 days. If they are going to take it basically erases any value it had because people will sell all of their financials in anticipation of it coming off and then they will short them all into the ground since nothing has changed since it went into effect.