Tuesday, September 2, 2008
No Shares Available to Short?
That was one of two error messages I got from Scottrade today when I tried to short Federal Trust Corp. (Amex: FDT), one of the stocks I mentioned in this recent post, "The Strongest and Weakest Banks in America". FDT had risen from about 65 cents per share when I posted that to 85 cents per share, and after following its candlestick charting on Americanbulls.com, I intended to short it at 80 cents today. Plan foiled.
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1 comment:
Now that they're actually making firms deliver shares tghat have been shorted insyead of just "locating them" this will become much more common.
It's a very good thing. The rules need to be enforced.
The uptick rule should never have been eliminated.
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