Thursday, September 18, 2008
BUY, BUY, BUY!!!
It is being reported that the SEC has temporarily banned short-selling. Of course the headline begs more questions than gives answers. But I'm led to assume that this means ALL short-selling, of ALL stocks EVERYWHERE! WTF!?!?! So does this mean we just buy every stock (especially the financial sector) we can get our hands on? Won't this rule hyperinflate the value of most stocks? Like I said, WTF?!
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2 comments:
Todd,
I read that too, and TRIPPED OUT!! What a ridiculous, desperate move. Time to get long!!
BD
BD,
A government induced short squeeze. Check out the Fly's site for a list of stocks > $5 with large # of shares short. Top of the list is FED.
Ridiculous indeed.
-todd
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