Old Project Avalon Forum (ARCHIVE) - Short trading to resume 2nd October?

Quote:

Both the US SEC (Securities and Exchange Commission) and the UK FSA (Financial Services Authority) have prohibited short trades (trades that are entered by selling) on many financial stocks. The prohibition on short trades takes effect immediately, and continues until at least October 2nd for the US stocks, and until January 2009 for the UK stocks.

The US stocks that are affected by the prohibition include 800 financial companies, such as banks, insurance companies, and other securities companies. The text of the prohibition and the list of the affected companies is available at the SEC web site.

The UK stocks that are affected by the prohibition include 32 financial companies, such as banks, and insurance companies. The announcement of the prohibition (not the full text), and the list of the affected companies, are available at the FSA web site. The UK FSA prohibition is more complicated than the US SEC prohibition, and includes any trade that is the equivalent of a short trade, such as long put option trades (which provide the right to sell), and short call option trades (which provide the obligation to sell).

http://daytrading.about.com/b/2008/0...ort-trades.htm

Anyone know if the vultures will be 'at it' again in the US soon? Or is there still suspension?