How will ASX ban on short selling affect trading?

[fordxbt]

I totally agree. It's like the ref in the middle of a football game saying you can't pass backwards for the next 30 minutes. After that 30 minutes is up i'll reassess how i think the game is flowing and then make a new rule.

exactly. if it swings bullish for a month ill pull the plug on the few long trades that were hit hardest and keep the performers
something i probably should of done a long time ago when the green prospectives became red-lined losses..the short term holds that become long-term backbenchers.
if this is the 2nd chance window im taking it

 

[njc.corp]

LOL u sounding like twiggy !!! how is it the shorters fault ? did they create the market downturn or merely profit from it ? blame the shorters for the credit bubble too ? how about realestate bubble ?? oh hang on i just burnt my egggs , bleedin shorters suck dont they

where did u see me say it was the short sellers fault?

i was just stating if u cant work it out-that u might as well blame shorter sellers as its their fault stock goes down-

is that not what twiggy said or what the media is dishing out?

i know i aint paying attention to rubbish stories-are u?

u been to opsm-if not make your way down their so u can see a bit better-

Thanks

Nick--

 

[cuttlefish]

Wasn't much activity in bank ETO's today - not sure if its because of the volatility or because the MM's can't hedge their positions so weren't offering spreads.

 

[nunthewiser]

prawn u might have it wrong because the media and gov reckon by injecting so much money in the market that consumer confidence will come back-

my question is how u suppose to restore confidence if a lot have lost a lot of money lately?

blame the shorters it's their fault-

Thanks

Nick--

"blame the shorters it's their fault-"



Right there Bucko !!! now what was you dribbling about in regards to glasses champ?

 

[1mann]

Short selling ban, why?

Hi traders, I am the only one who thinks that the total ban on selling stocks short is proof the ASIC have lost the plot,I never heard the company CEOs or the investment bankers complaining when the share prices were going through the roof,Mr Forrest please take note,and the banks have taken offence at people selling of their shares just because they have mislaid a few bucks ,give or take a couple of hundred billion, stocks can't keep going up all the time and it is wrong to change the rules overnight, what do they think will happen on the day that they lift the short selling ban ? it's not rocket science. Investors have a simple choice if they think a stock will rise they buy it,and if they think that the share will fall they sell it, ASICs will not stop investors selling stocks that they already own. I agree that hedge funds and the like can manipulate the market ,but they are allowed to manipulate it on the long side and i don't hear people screaming for a ban when the share price is going up like a rocket.All ASIC has done with this ban is to allow the big boys to sell their shares at a better price for a few weeks, because they have stopped likeminded traders ,like myself from profiting from the stupidity that ,these so called professionals, have created for themselves,ASIC have now manipulated the market as a panic measure,and it wont work,they have added to the problem, and they will not be held responsible for thier actions.

 

[njc.corp]

"blame the shorters it's their fault-"



Right there Bucko !!! now what was you dribbling about in regards to glasses champ?

i don't need glasses-maybe u dont either

but u need to understand the difference between a joke-

i will say it again-if u cant find a reason why the market is down-blame short sellers like everyone else-

even andrew forrest did-he was not joking but i was-

joke-

just step away from the screen and have a breath-

If u dont understand that i will just give in and i say i need glasses-

 

[nunthewiser]

LOL no worries .. thats the problem with text compared to conversation , the giggle in the speech is mislaid , no worries , wires crossed have a great evening

 

[skc]

Short selling ban extended

I was just wondering what was happening to the initial 30-day ban and here's the answer.

ASIC today said it would extend the ban on covered short selling for non-financial securities for a further 28 days until 18 November 2008, when it expected the ban would be lifted.

In its announcement of 21 September ASIC said that the ban on covered short selling for non-financial stocks would be reviewed in 30 days. In the case of financial stocks, ASIC said that its review would be in line with time limits imposed by other international regulators.

Following the 30 day review, ASIC has decided to maintain the ban on covered short sales for non-financial stocks until 18 November 2008. ASIC expects to lift the ban from opening of trading the next day.

http://www.asic.gov.au/ASIC/asic.ns...nds ban on covered short selling?opendocument

 

[nick2fish]

I am an investor who only trades on occasion to recover losses from forced sales.

Extended ban I say YEAH!!!!!!
Short sellers you are welcome back when the playing field will become even again.

Oh and the more you moan in this time the more ridiculous you look IMO

 

[cutz]

I am an investor who only trades on occasion to recover losses from forced sales

G’Day,

Just out of curiosity how is a sale forced and how do you recover losses; please don’t misinterpret me as being smart, I am just always interested in learning new things.

Cutz

 

[nick2fish]

G’Day,

Just out of curiosity how is a sale forced and how do you recover losses; please don’t misinterpret me as being smart, I am just always interested in learning new things.

Cutz

Hi
I'm afraid you won't learn anything new from me unfortunately but in answer to your question as investor I am usually forced to sell when one of my holdings may be tanking down in a rapid manner.

I usually ignore day or week to week fluctuations in owned stocks but if I have been unlucky enough to buy a stock whose fundamental appeal has changed for the worst I have to exit.

An example of one such stock is BNB.

I will incur a loss so then I will trade stocks to regain some or hopefully all of my capital loss.
Regarding short selling I don't have a problem with it except in these extreme times of global financial uncertainty. Once blind fear and panic is replaced by caution and prudence bring it on and by whats happening now it won't be long

 

[aramz]

Total ban on short selling

Heard word of it today and found this:

http://www.smh.com.au/business/asic-in-total-ban-on-short-selling-20080921-4l0r.html

Any opinions or general thoughts regarding this matter?

How would full time traders who extensively use shorts cope with this in a bear market?

 

[aramz]

Re: Total ban on short selling

Wow the date actually says 08 but came up in a google search for 'short selling ban 2010'

This came up in the search subheading on google:

10:43AM Wednesday Feb 24, 2010; Today's Paper ... Australian and other European regulators had followed with their own ban on short ... ASIC said it would reassess the ban on short selling for non-financial stocks in 30 days. ...

I know there is current talk of this happening though

 

[JonnoB]

The SEC is due to meet on Wednesday regarding short sale ban. The current suggestion is for a circuit breaker measure. It would restrict short-selling in a company's stock if that stock fell by more than a certain percentage. This time they also want to restrict market makers.

Hope they remember the implications from last time.
U.S. securities regulator Christopher Cox said "While the actual effects of this temporary action will not be fully understood for many more months, if not years, knowing what we know now, I believe on balance the commission would not do it again" with regard to the short selling ban.

 

[satanoperca]

I have heard it all.

Ban short selling, what a joke.

Markets go up, markets go down. Play the game feel the pain.

Regulation doesn't work, it just screws things up, just have a look at the FHBG and all those that the govnuts will have to bail out.

Get a grip people, we either live in a free market or go to a communist country.

Cheers

 

[nulla nulla]

Are we talking about the banning of naked short selling or the total banning of all forms of short selling?
Personally I have always had an issue with people selling something they do not own and do not have clear title to.

 

[gooner]

Are we talking about the banning of naked short selling or the total banning of all forms of short selling?
Personally I have always had an issue with people selling something they do not own and do not have clear title to.

In the long run it is all about the profits of the business. Short sellers really only make profits off of short term traders (or panicky longer term investors).

Personally I have no issue with short selling. Improves liquidity and increases price transparency

 

[Trembling Hand]

Are we talking about the banning of naked short selling or the total banning of all forms of short selling?
Personally I have always had an issue with people selling something they do not own and do not have clear title to.

Like futures trading?

 

[JonnoB]

The Reuters article just mentioned short selling. The SEC rule is still in flux and could change before the Wednesday meeting.

 

[JonnoB]

The article only mentioned stocks.
http://www.reuters.com/article/idUSN2315370420100224