Sure, it could easily happen–when you have gross misunderstanding of how an industry works, easy irrelevant scapegoats and you give this kind of influence to such ignorance/incompetence, anything’s possible. Hell, Australia just banned it so why not the US. Throw another short on the barbie!
Got this email and I know it’s on a lot of people’s minds:
Tim:
What are your thoughts about the governments announcement regarding the possibility of disallowing short-selling?
Simple…I adapt.
Blogging, whining, debating, none of that shit matters when you’re dealing with a terrorist organization like the SEC. Especially one backed by the government. Or with any terrorist organization for that matter. All you can do is adapt.
And adapt I will.
Whether it’s buying crappy stocks breaking out to new highs based on momentum (watching ZYXI although it’s got far to go) or existing shorts getting a lesson in just how dangerous it is to go against a terrorist organization with legal authority (AIG shorts), no checks and balances and unlimited power, as long as the SEC doesn’t outlaw market volatility, I’ll be fine.
As I posted HERE, perhaps I’ll be better than fine…an all-pout ban would make for some outrageous penny stock volatility.
Without short sellers, manipulation is gonna get wilder than anyone has ever seen, so pray with me and hope the SEC is that stupid.
I’m actually glad this socialist options is in play now cuz I’m working on my brand-new ShortStocking instructional DVD (which is available for pre-order HERE) so there’ll be an entire section on how to play perfect short selling setups from the long side too.
Tags: Adapting, idiots, Manipulation, Short Selling
