That's on SSF's, I haven't checked the warrants yet. They haven't closed any current short positions, just new short trades aren't allowed. Guess I'll just have to keep my shorts I have and not close them out? Lucky I'm in, as this Bank H&S seems very likely to break.
yes i posted last week to simon that there are no puts on sbk no reponse , usually his condascending remarks but nothing ,they dont want anyone to make any moola, guess now you know if sbk is here to help u make money
Its possibly along the same lines as the US government limited short selling a while back (dont know if that is still imposed) to stabilise the markets, its actually sometimes not in the best interest to run the banks down the drain!
when you go short you are selling something you don't own to buy back at a lower price (your profit if you get it right). But the exchange rules say that you can not short naked, so one needs to borrow the stock to sell. So we need to borrow stock in order to enable clients to be able to short stocks. Make sense?
I am of the opinion that a free market security will always trade where the market thinks it should and that shorting is just part of the free market system. Remember that when you go short, the actual shares are sold into the market and as we know there is a buyer for every seller. Also, nothing stops people from going long a deriviative, will this push the price artificially up? I don't think so. A share will trade where it trades until it doesn't, market psychology changes the price...