These Are The 19 Stocks The SEC Says You Cannot Short…This Is A Sad, Sad Day

20 Responses

1. 1Matt

   July 17th, 2008 at 8:22 am

   

   So much for the “free market” crap these guys spout. Bush appointments are made by auction - be a “Bush Pioneer”, raise us lots of money, and you get an appointment just like “heck of a job” Brownie. No heed to your level of incompetence or qualifications for the job.

2. 2shedivy(TIMBUCKS: $5)

   July 17th, 2008 at 8:26 am

   

   it’s the rich getting richer……the SEC is owned by those 10 firms

   the wall street mafia is alive and getting more powerful, until congress takes over!!!!!!!!!!

3. 3pomalley(TIMBUCKS: $4)

   July 17th, 2008 at 8:31 am

   

   Damn, i was going to short J.P. Morgan and UBS today because of the recent news. And i would have made a killing.

4. 4YoungGunz(TIMBUCKS: $238)

   July 17th, 2008 at 8:38 am

   

   Geez, this is just pathetic. Just by putting these companies on a do not short list the SEC basically is saying these stocks are shit and overvalued. Its like taking all the “special” kids in school and stamping “Retard” on their foreheads. Yeah the smart people already know they’re “special” now you’ve just told everyone and their mother that they’re not normal.

   I’m thinking Tali-Ban-SEC is more fitting being run by Christopher Bin Ladin Cox.

5. 5getshorty(TIMBUCKS: $313)

   July 17th, 2008 at 8:44 am

   

   Is that a doji (tuesday) followe by a huuuuge dead man hanging on IDAE. Gotta reserve some shares of this next biggest looser.

6. 6PCola

   July 17th, 2008 at 8:46 am

   

   Tim, relax, you can still short them, you just can’t “naked short” them, which you never were *supposed* to be allowed to do in the first place. Maybe I’m misunderstanding, but I think they basically said they will be enforcing a rule that was already in place. MMs can naked short to create a market, but traders weren’t supposed to be able to. This isn’t as big of a deal as you are making it out to be, I think.

7. 7getshorty(TIMBUCKS: $313)

   July 17th, 2008 at 8:49 am

   

   none available…. guess i am not the fastest technician on earth…..not even close….

8. 8getshorty(TIMBUCKS: $313)

   July 17th, 2008 at 8:52 am

   

   Anybody knows whats with the GIGM spike today? just reserved a few shares

9. 9Dan Olofsson

   July 17th, 2008 at 8:56 am

   

   Unbelievable. Now I feel like I typically do at a crap table–yes, I bet the Don’t side. I feel like saying, “Yes, I am going with the higher odds of winning, why are you giving me dirty looks just cause you are looking for blue sky?”

10. 10getshorty(TIMBUCKS: $313)

    July 17th, 2008 at 8:57 am

    

    I uess I should google before posting a question…. it got a deal to disribute NBA street online in china, guess its a big thing. Just realized on its finance.google page it has some real earnings and a not that crazy p/e ratio of $17. Tim, any light on why this real company is behaving like a microcrap?

    Naive Shorty

11. 11GAVIN

    July 17th, 2008 at 9:05 am

    

    My understanding is that the SEC can only monitor unfilled orders. SO if your naked short gets filled doesn’t that fly under the radar?

    And can someone explain to me why wells fargo is doing better than the other financials in this mess?

12. 12dude75

    July 17th, 2008 at 9:14 am

    

    Wells Fargo holds their own mortgages. They never got into selling on secondary market.

13. 13PCola

    July 17th, 2008 at 9:15 am

    

    Gavin, that doesn’t sound reasonable. This of it this way, if I naked short to you (meaning you buy from me), then after a couple of days you would say “Um, dude, where’s my shares?”. That would create a fail-to-deliver, and those are reported to the SEC, as far as I know. You wouldn’t just be like “Oh, you don’t have shares to give me because you naked shorted it? No prob, thanks for letting me know.”

14. 14pumacom(TIMBUCKS: $71)

    July 17th, 2008 at 9:18 am

    

    ALTH on the brink of a two year breakout… previous $8.54 high from Feb ‘07 is the resistance right now it seems…

15. 15timothysykes

    July 17th, 2008 at 9:22 am

    

    morning watchlist:

    http://www.timothysykes.com/ti.....skywalker/

16. 16Jesse(TIMBUCKS: $30)

    July 17th, 2008 at 9:49 am

    

    Tim, do you have any good articles written about “naked shortselling” for us to read? This seems like a good time for something like that.

    sec rule: 3 trades/stock/week

    does the “sec” acronym really even deserve to be capitalized?

    Hmmm?

17. 17GAVIN

    July 17th, 2008 at 10:05 am

    

    dude: Thanks

    PCola: Oh ok, yeh I don’t understand naked shorts so well. I’ve only ever bought to be honest. I’m hanging around here to learn more about the short game.

18. 18simonyadig(TIMBUCKS: $7)

    July 17th, 2008 at 12:02 pm

    

    Tim, you can short these stocks if your broker has shares available. You’ve even acknowledged that you were aware that this rule only affects NSS. Did you forget? Why the freak out? I checked JPM and there are shares available to short.

19. 19timothysykes

    July 17th, 2008 at 12:03 pm

    

    simon, i’m not concerned with shorting them, i dont even trade these things, my problem is the SEC going after the wrong people, helping sway public opinion to blame short sellers. classic scapegoating

20. 20theproficientinvestor(TIMBUCKS: $40)

    July 17th, 2008 at 4:05 pm

    

    it’s not the shorting that’s ruining these companies, it’s management and bad decision making. These guys all rode the housing boom to its bust and are paying the price.