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Post by liane on Aug 12, 2014 19:57:21 GMT -5
The SEC adopted amendments to Regulation SHO with a compliance date of November 10, 2010. Among the rule changes, the SEC introduced Rule 201 (Alternative Uptick Rule), a short sale-related circuit breaker that when triggered, will impose a restriction on prices at which securities may be sold short. The SEC also issued guidance for broker-dealers wishing to mark certain qualifying orders 201cshort exempt.201d For more details, refer to Amendments to Regulation SHO (Release 34-61595). www.nasdaqtrader.com/trader.aspx?id=ShortSaleCircuitBreaker |
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Post by samsung2310 on Aug 12, 2014 20:21:31 GMT -5
This can only be a good thing for the share price?
Glad to see that Galena Biopharma is on that list also...
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Post by 4allthemarbles on Aug 12, 2014 21:29:34 GMT -5
Is this just a temporary relief?
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Post by Chris-C on Aug 12, 2014 21:33:55 GMT -5
The SEC adopted amendments to Regulation SHO with a compliance date of November 10, 2010. Among the rule changes, the SEC introduced Rule 201 (Alternative Uptick Rule), a short sale-related circuit breaker that when triggered, will impose a restriction on prices at which securities may be sold short. The SEC also issued guidance for broker-dealers wishing to mark certain qualifying orders 201cshort exempt.201d For more details, refer to Amendments to Regulation SHO (Release 34-61595). www.nasdaqtrader.com/trader.aspx?id=ShortSaleCircuitBreakerThanks for sharing this information, as I had forgotten about the intraday circuit breaker rule, that was imposed at 10:00 am. Few long investors on this board will be surprised at this. I do think there was some panic selling by those holding long shares hoping to get rich quick on a partnership or sale of the company, but I also know that with as many shares shorted as there have been, there would be a mighty effort to drive down the share price so the big boys could cover. In my opinion, the SEC memo explaining the circuit breaker rule shows a bit of wishful thinking. First, I don't think the SEC is doing enough to monitor and enforce restrictions on naked shorting. Second, as a retail investor, my confidence in the market has not been restored because I see too many games being played where hedge funds and paid Internet shills are in collusion in orchestrated efforts to manipulate the share price. Just as Goldman Sachs played its investors for stooges during the derivative meltdown, so too is it likely that big bank investment houses do the same thing. Corruption on Wall Street and getting around inadequate antiquated rules makes it easy to skirt the law by hiding behind legal loopholes.Although the letter of the law is not violated, the spirit or intent of the 1930's legislation has been trampled. Retail investors are, quite simply, not protected, and the playing field is not level. Chris-C |
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Post by 4Balance on Aug 12, 2014 22:33:19 GMT -5
The SEC adopted amendments to Regulation SHO with a compliance date of November 10, 2010. Among the rule changes, the SEC introduced Rule 201 (Alternative Uptick Rule), a short sale-related circuit breaker that when triggered, will impose a restriction on prices at which securities may be sold short. The SEC also issued guidance for broker-dealers wishing to mark certain qualifying orders 201cshort exempt.201d For more details, refer to Amendments to Regulation SHO (Release 34-61595). www.nasdaqtrader.com/trader.aspx?id=ShortSaleCircuitBreakerMarket category is either a Q or an R. MNKD's is a Q. What do these abbreviations mean? |
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