Should shorting be suspended/banned?

[Green08]

Reports that NYSE Euronext [NYX 40.37 1.19 (+3.04%) ] CEO Duncan Niederauer said the SEC was considering reinstating the uptick rule were good news to Cramer. He called the federal regulator’s recent short-selling ban “ludicrous.”

“Welcome the shorts,” Cramer said. “The shorts have been dead right” about this market.

The SEC had repealed the uptick rule, which requires a stock to tick up in price before it’s sold short, under the stewardship of Chairman Christopher Cox. Cramer’s been saying that a lack of short-selling rules has been a big cause of the collapse of some of Wall Street’s most venerable institutions. But to ban the practice out right was a mistake.

“Christopher Cox is very unsophisticated.,” Cramer said. “He’s not the right man for the job.”

“I hope someone comes in and does a better job than he does,” he said

http://www.cnbc.com/id/26975872

 

[subi1]

Who do we blame now for tanking shares?

I thought a lot of shorters were saying shares could only go up if shorting was banned.

It was also interesting to see the nice rise yesterday without the shorters buying back in. Tuesday was also an interesting day with buyers appearing on a bad day and limiting asx falls

A few myths are being dispelled.

For the record I am against naked short selling where the shares are not even in existence.

In my opinion the last week and a half proves that markets can go up and down without shorters and that share prices will still go down without shorters.

Just my thoughts and opinions are welcomed.

 

[Trembling Hand]

I thought a lot of shorters were saying shares could only go up if shorting was banned.

LOL!!

 

[smithy]

' Shorting causes upward pressure on prices, not downward ' ? What a moronic suggestion !?!

 

[Trembling Hand]

' Shorting causes upward pressure on prices, not downward ' ? What a moronic suggestion !?!

Well actually they have been shown to do that from time to time. Its called a short squeeze. Who is the moron??

 

[wayneL]

Well actually they have been shown to do that from time to time. Its called a short squeeze. Who is the moron??

Howzat!!!

Bowled out on the first ball!! lol

Golden Duck award for smithy.

 

[Trembling Hand]

Golden Duck award for smithy.

Love it!! Perfect..

 

[Naked shorts]

Howzat!!!

Bowled out on the first ball!! lol

Golden Duck award for smithy.

HAHAHAH omg rofl, I am in tears

 

[jesterx]

HAHAHAH omg rofl, I am in tears

I can still short with CMC markets...cool!

 

[smithy]

Well actually they have been shown to do that from time to time. Its called a short squeeze. Who is the moron??


Thanx for the update Trembler. 'From time to time' ain't good enough. We're talking generally and now. Sure drove prices up when it was banned didn't it ?
U could always get a real job ?

 

[smithy]

'Markets can still go up and down without shorts ' ???

Simply brilliant ....... ur no bowler at all. Haha.

 

[Trembling Hand]

Thanx for the update Trembler. 'From time to time' ain't good enough. We're talking generally and now. Sure drove prices up when it was banned didn't it ?

Wrong again Smithy. They are now BELOW the point where they were banned. LOL.

Thats a double innings DUCK.

U could always get a real job ?

Nah prefer sticking around here getting flamed by wallies while I take money off them in the market.

 

[smithy]

Wrong again Smithy. They are now BELOW the point where they were banned. LOL.

Thats a double innings DUCK.

Nah prefer sticking around here getting flamed by wallies while I take money off them in the market.

How very selective of you Trembler ........ seem to recall just a slight jump on the day after the banning ? And you ? or is ur memory shot. No need to get personal ....... ur brilliant mind well above that I would have assumed.

 

[Trembling Hand]

How very selective of you Trembler ........ seem to recall just a slight jump on the day after the banning ?........

Smithy it has been going DOWN ever since the second hour of no shorting??

The jump lasted all of 1 hour?? Where am I being selective? The short ban has not stopped stocks going down! Because maybe the stocks are going down because no one wants to hold them because the economy is going down the :flush: not becasue a you can short them.

 

[smithy]

Smithy it has been going DOWN ever since the second hour of no shorting??

The jump lasted all of 1 hour?? Where am I being selective? The short ban has not stopped stocks going down! Because maybe the stocks are going down because no one wants to hold them because the economy is going down the :flush: not becasue a you can short them.

The 'rush' for traders and brokers to cover shorts actually ran for days. Nonetheless, yep .....other factors have impacted on share prices ? Reallllly ? .......simply more brilliance from u again (there's just no end to it) !!!

 

[chops_a_must]

The 'rush' for traders and brokers to cover shorts actually ran for days. Nonetheless, yep .....other factors have impacted on share prices ? Reallllly ? .......simply more brilliance from u again (there's just no end to it) !!!

^^^^^^ Someone please claim their alias.

 

[skyQuake]

^^^^^^ Someone please claim their alias.

Hehe, you're losing your resident troll status

 

[Out Too Soon]

This is what your after guy's

THE TRILLION DOLLAR SECRET




http://www.cornerstoneri.com/comments/TrillionDollarSecret.htm

Tech/a is right in directing everyone to this excellent article.
The disaster for our worlds financial system is that we are all playing with pretend money at some level or other. Niokas & others stance isn't as naive as made out. Too stop the personal attacks though the people who regularly make money out of shorts should be banned from this thread.

Somebody once warned me " never come between someone and their income ". :

 

[Out Too Soon]

Also the survey should be redesigned. (I dont know how to copy the survey bit)

Should shorting be suspended/banned?

suspended ______________

banned ______________

no _____________ 1%

no (I regularly short) ______________ 56%

never come between a shorter & his pot of gold :behead:

 

[wayneL]

In light of recent comments, can some of the anti shorts answer two questions

Should shorting be banned in the futures markets?

Does shorting cause futures prices to go down?

Please... I am aching to hear answers to these so we can go for the season duck.