Should shorting be suspended/banned?

[Trembling Hand]

I think that genuine investors (or mug punters as Trembling Hand considers them) are entitled to feel annoyed when their retirement investments are gutted by the actions of predatory short sellers. Naturally the predators think otherwise.

Ah! Come on. Is the fact that shares have been falling because of the existence of short sellers (who have been around longer than the ASX has)???

or,

that the fundamentals of the economy have changed and the change was brought about by reckless central bankers, greedy selfish investment banks and people who have binged on credit they cannot afford.

Come on answer the question?? which one is it????

 

[Timmy]

Short sellers (predatory or otherwise) will have their asses handed to them if they short strong, good value companies. Genuine investors (Mug punters or otherwise) would be better directing their annoyance at the sharks, liars and spivs spruiking dodgy company practices while masquerading as company directors.

 

[nioka]

Ah! Come on. Is the fact that shares have been falling because of the existence of short sellers (who have been around longer than the ASX has)???

or,

that the fundamentals of the economy have changed and the change was brought about by reckless central bankers, greedy selfish investment banks and people who have binged on credit they cannot afford.

Come on answer the question?? which one is it????

Both , and the second more than the first but that does not alter the fact regarding the damage caused by dodgy short selling in recent times.

 

[prawn_86]

Short sellers (predatory or otherwise) will have their asses handed to them if they short strong, good value companies. Genuine investors (Mug punters or otherwise) would be better directing their annoyance at the sharks, liars and spivs spruiking dodgy company practices while masquerading as company directors.

Fantastic post Timmy.

Well worth repeating

 

[Trembling Hand]

Both , and the second more than the first but that does not alter the fact regarding the damage caused by dodgy short selling in recent times.

Besides the hysteria from the media there isn't any actual Facts about short sellers. The covered short list gives no clues to an increase in shorts.

Will be interesting the next 30 days. No shorts at all. The balance has been given completely to the longs. You would think at the end of that period "fair value" will be well and truly restored. Will be funny if its at the same level as it is today. 3% higher than when shorts were manipulating the market.

 

[It's Snake Pliskin]

Besides the hysteria from the media there isn't any actual Facts about short sellers. The covered short list gives no clues to an increase in shorts.

Will be interesting the next 30 days. No shorts at all. The balance has been given completely to the longs. You would think at the end of that period "fair value" will be well and truly restored. Will be funny if its at the same level as it is today. 3% higher than when shorts were manipulating the market.

The apes will be running around with new mantras.

 

[mazzatelli1000]

The apes will be running around with new mantras.

You mean they will go ape ****?!?!

 

[chops_a_must]

Come on answer the question?? which one is it????

My abusive comment still stands.

 

[Green08]

"Institutional money managers will not have to disclose their short positions to the public immediately, the U.S. Securities and Exchange Commission said on Sunday.

Under the SEC's emergency rule, the information will be made public two weeks after it is filed electronically to the commission, the agency said in a statement.

The new order will take effect at 12:01 a.m. ET on Monday, September 22, the SEC said." - By CNBC.com With Wires | 21 Sep 2008 | 07:35 PM ET

 

[bankit]

The below is not what you want to hear if you have current short CFD positions that you want to keep.

Talk about minefields lately

Dear Client,
Due to ASIC's prohibition on short selling ASX listed shares, MF Global is experiencing higher stock recalls from our stock lenders than usual. Correspondingly, therefore, please note that MF Global may have to recall certain existing short CFD positions held by our clients.MF Global will use best endeavours to contact affected clients with existing short CFD positions, but you should be aware that this may not always be possible.
Kind regards,

RICHARD AVERY-WRIGHT
HEAD OF CFDs
MF GLOBAL AUSTRALIA LIMITED
p. 1800 626 099
e. cfds@mfglobal.com.au
www.mfglobal.com.au

 

[Trembling Hand]

Here is a question I have been meaning to ask the Ban Shorting crowd.


Should shorting be Banned in the oil market?

If not why not?

Bump.............................Anyone???

 

[nomore4s]

Well what an interesting few days. But I must admit I have learnt a few things.

* The media has more power than I'd given it credit for. There are alot of people who obviously believe everything the media says and some of them are the decision makers who can change things as they see fit

*There are alot of people who invest/trade the markets but real have no understanding of how the markets really work or the true risks involved.

*Most investors seem to think the stock market should only go in one direction - up, no matter what the fundamentals or commonsense might be telling them.

*If the stockmarket or share you've invested in doesn't go up it is obviously being manipulated by big bad hedge funds or morally corrupt short sellers.

*The world is full of more idiots than I thought.

There was alot of ears pinned back buying today imo, it would seem alot of people now seem to think the worst is over because short sellers can longer push prices down.

 

[chops_a_must]

*The world is full of more idiots than I thought.

One of my favourite sayings, "Never underestimate the power of people's stupidity."

Go Hawks.

 

[chops_a_must]

Bump.............................Anyone???

Nah.

Only delta hedging TH.

 

[Wysiwyg]

It`s only the short sellers (minority group) whining about the ruling which means they will have to revue their trading strategies and conform with the new ruling.

 

[Trembling Hand]

It`s only the short sellers whining about the ruling which means they will have to revue their trading strategies and conform with the new ruling.

yeah like not short an overvalued company because its not "fair" that a stock goes down.

 

[chops_a_must]

It`s only the short sellers whining about the ruling which means they will have to revue their trading strategies and conform with the new ruling.

It's not.

Dhukka and Prawn are also annoyed.

Because it means they can't get fair value and prices are artificial.

Why would anyone with a clue want to buy something if they think it is artificially being held up?

 

[nioka]

My abusive comment still stands.

As do my replies. Let future history answer the question. Today's trading was on my side but I'm not gloating as there is a long way to go yet.

 

[Timmy]

*The world is full of more idiots than I thought.

OMG 4s - you didn't get short idiots did you???????

 

[Wysiwyg]

yeah like not short an overvalued company because its not "fair" that a stock goes down.

Tut tut rules are rules.