The Nifty Trading Lounge

[DanPickUp]

Spain and Italy ban short selling........


http://buzz.money.cnn.com/2012/07/23/spain-italy-short-selling/?iid=SF_BN_Lead

As the economy only goes down in that countries, it may is not a bad idea to protect the banks from even higher losses.

:lol::lol:

 

[sunilrhs]

Yeah Dan...but just thinking why only Banks and insurance stocks....why not whole basket ....hmmmm...something is cooking...Since the ban if for 3 months, so anything can happen...So need to sit tight with my Pants (PUTS) on ..:thumb::thumb:

As the economy only goes down in that countries, it may is not a bad idea to protect the banks from even higher losses.

:lol::lol:

 

[DanPickUp]

Dear Sunilrhs

It was less meant about stocks instead of the whole banking industry in those countries as they ask for billions of Euros to protect there losses.

Any way: As you say the ban is only for 3 months I am also a bit curious what is coming next.

Ah I got it: Short Euros or is this also banned in those countries?

 

[timepass]

Wasn't this ban tried for a month last year also ??

 

[sunilrhs]

Cant really recall TP....

Wasn't this ban tried for a month last year also ??

 

[Taurus1]

Keep out till 25/7, ideally August 5th.

25/7 is a minor high, bearz can use it to go short.

 

[timepass]

Americans have always been innovators. Now they are finding new ways of boosting up their economy. I'm sure India will remain backward in this regard

Gay Marriage Produced $259 Million for New York City Economy

 

[Taurus1]

Dow -150

 

[Arsh]

Asian shares fell and the euro wobbled above multi-year lows against major currencies, as soaring borrowing costs deepened worries that Spain might need a bailout, while Greece appeared unlikely to meet terms conditional to its aid package.

http://in.reuters.com/article/2012/07/25/markets-global-idINDEE86O02420120725

 

[MurAtt]

No top as such .. did not even go to y'dau's LOD imo ...

So do we expect it 2morrow ?