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Old 10-08-2008, 11:31 PM   #62
Rocky_Shorz
Avalon Senior Member
 
Join Date: Sep 2008
Location: USA
Posts: 1,098
Default Midnight tonight, Short Selling begins...

http://www.reuters.com/article/ousiv...497BQZ20081008

Quote:
WASHINGTON/NEW YORK (Reuters) - At midnight on Wednesday, U.S. regulators will restore investors' rights to make bearish bets on financial stocks but few expect it to put an end to wild swings in the market.

For nearly three weeks, investors who bet on falling stock prices have been prohibited from short selling more than 950 companies under an experiment by securities regulators to restore equilibrium to a fragile financial system.
They had the option to extend the ban until the 17th, but decided not to wait...
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