Thursday, May 14, 2009

Shorting These Stocks Is Now Verboten


"Due to significant increases in the cost of borrowing stock in the underlying market, along with a lack of available shares to borrow, we have been forced to restrict short selling on the following US Shares:"

"Clients are not allowed to open any new short positions or increase any short positions in these instruments. If you currently hold an open short position, you are not forced to close this and if you need to sell in order to close a long position your order will be accepted".

Haha this is scary can't even short an insolvent bank.

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