Since the announcement the stock has been on a small down tick
My picks: Flat GBP/CHF Expertise: Fundamentals and Technicals Average Time Frame of Trades: 2 - 10 Days The second attempt to catch the top on the GBP/CHF did not work out as planned, with the down tick
on Friday opening the short-entry I placed at 1.
This will mark the first down tick
in a year, owing primarily to the sharp decline in oil and other commodities.
A true capitulation seems in the making when the sentiment pendulum marks the final accounting down tick
Bridi went on to say that "the rules that we plan to challenge in court include such practices as allowing Market Makers to short small cap stocks while showing a down tick
(which we assert fosters a chronic short selling mentality among these brokers resulting in significant harm to investors) and also, that by allowing traders who work for Market Makers to trade from their personal accounts as well as their company accounts, the NASD has created a situation where these traders routinely use confidential information submitted by their customers (which indicates at what price these clients are willing to buy or sell stocks) in order to manipulate the market and that these traders unfairly applied this insider information and illegally profited by it's use.
The down tick
owed to sharp declines in meat and dairy sales, which together declined -8.
Unfortunately for us, being an OTC company there are no down tick
rules to curb such unabated short selling.
Existing rules limit short sales to down ticks
and require short sellers to borrow stock before they sell.