SKF halted

Discussion in 'Trading' started by ElCubano, Sep 19, 2008.

  1. jprad

    jprad

    TradeStation still shows SKF halted.
     
    #21     Sep 19, 2008
  2. my orders won't even show now......it's definitely halted.....god i hope they break my trade lol
     
    #22     Sep 19, 2008
  3. Arnie

    Arnie

  4. sprstpd

    sprstpd

    Don't you know, they are gonna come arrest all of us who buy SKF cause that is shorting the financials! Shorting = bad!
     
    #24     Sep 19, 2008
  5. #25     Sep 19, 2008
  6. They better not fucking cancel my trade.

    But then why is this halted. I thought SKF didn't short, and used options instead?
     
    #26     Sep 19, 2008
  7. sprstpd

    sprstpd

    So why is SKF halted? Is it because that would be shorting financials by going long? And that is now prohibited? At what moment in time did that become law (if it did)? I mean, you can still short financials at IB. Are they gonna come around and arrest me for putting out a short on the XLF?

    If SKF is not halted because of this reason, then why is it halted?
     
    #27     Sep 19, 2008
  8. Options need shorts to work.
     
    #28     Sep 19, 2008
  9. Yes, but now the market-makers have to wait for an uptick . . . I'm sure that will work REALLY well in a down market when people come in buying puts and the MM is unable to sell stock immediately ( waiting for an uptick ) to hedge.

    Welcome to France folks!
    :(
     
    #29     Sep 19, 2008
  10. Short-Selling on 799 financial stocks has been halted, immediately as per the SEC.

    Go to the SEC website to read the order.
     
    #30     Sep 19, 2008