As I’m sure many of you have heard, the SEC has recently imposed a short-selling ban on certain financial and financial-related stocks. This ban will be in effect until October 1, 2008. After this date, the SEC may extend this ban at its discretion.

For more information on this and to keep up-to-date, you can visit the SEC’s website where you will find a list of all banned stocks.

CNBC also has a list here >

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Can I still sell short?

You bet. Fortunately, the Wizard has many, many more stocks that can be shorted, which, of course, we will be doing. ETF’s and inverse ETF’s provide additional ways of trading the short side of the market. And for those who prefer more leverage and greater profit potential, futures always provide an excellent opportunity to take advantage of the market’s movements.

No matter what the SEC does, we’ll always be on top of it with the latest and best strategies for taking advantage of whatever the market offers.

We’ll also do our best to keep you updated on changes to market regulations, but if you are a shortselller, please remember to keep yourself up to date.

Good trading,

Gene Stunkel

Founder of the Wizard

This entry was posted on Tuesday, September 23rd, 2008 at 3:25 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.