Justin Mamis On New Short Selling Rules

Here is my quote of the day:

“Those so-called adults who fuss about short sales are really silly. What competent grown-up would short a stock after – that’s after – it has fallen 10%. Don’t these people understand how the stock market works?

Selling short on an uptick is sound, to say nothing of having been tried and true for decades. What in the world is dangerous about that? When these same bureaucrats let them play in the derivatives daisy fields to their wallets content.”

-Justin Mamis

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