I’ve scanned some 1500 ASX stocks this evening and without the ability to short it leaves us sitting on our hands yet again. I like the look of shorting a few of the financials, such as CBA and as discussed this morning CGF, but no can do. Patiance is a virtue. Our time will come. With Non-Farm Payrolls in the US tonight this market could rip one way or other very quickly.
I read the latest update from the ‘powers that be’ that naked short selling is now indefinitely off the agenda. It appears that the regulators, specifically the ASX, needs to address the exact definition of ‘short selling’ before a specific ruling can be handed down. No comment has been made on ‘covered’ short selling as yet so hopefully the 30-day pause will be all that we need to endure.
Have a great weekend.
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