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Potash Corporation of Saskatchewan Inc. Message Board

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  • canshortsller canshortsller Sep 20, 2008 9:21 AM Flag

    Short selling ban will make things worse

    The government is going to learn an expensive lesson in the coming days. These financials that were falling like rocks will continue to fall, but at a slower pace. There's a reason that none of them finished at their highs on Friday. That push up was nothing more than short covering. No one is willing to invest into flawed business models and scary level III assets. The management of these companies should've been fired long ago, but the good old boy system on WallStreet protects them and places the bag into the hands of the tax payers. As these stocks continue to fall there will be no short profit taking to help stabilize them. I know most are not shocked that the former CEO of GS made this happen. There were other alternatives to this huge bailout and banning of short selling in financials. Hope you took profit on the huge move up if you're long.

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