900 stocks halted from shorting.....wonder what happens after ban lifted? UNPRECEDENTED
WASHINGTON (MarketWatch) -- Pushing on to shore up the markets, the list of banned short-sale stocks has been expanded to include the likes of General Electric Co., General Motors Corp. and American Express Co.
from SEC
for example, we were concerned about the possible unnecessary or artificial price movements based on unfounded rumors regarding the stability of financial institutions and other issuers exacerbated by "naked" short selling.
page 4 appendix is orig list of stocks protected! http://sec.gov/rules/other/2008/34-58592.pdf
ADDITIONAL STOCKS ADDED TO PROTECTIVE LIST
http://media.philly.com/documents/SEC+Short-Selling+Adds.pdf GE AMONG THEM!!!!
here comes witch hunt plus FBI
FOR IMMEDIATE RELEASE2008-214
Washington, D.C., Sept. 19, 2008 — The Securities and Exchange Commission today announced a sweeping expansion of its ongoing investigation into possible market manipulation in the securities of certain financial institutions. The expanded investigation will include obtaining statements under oath from market participants.
Hedge fund managers, broker-dealers, and institutional investors with significant trading activity in financial issuers or positions in credit default swaps will be required, under oath, to disclose those positions to the Commission and provide certain other information.
THE go nowhere mkt until some kind of deal struck.....in front good be nice ride or steam roller....."it is not always about how much you can make, but PROTECT what you have"
D
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