Unfortunately ASIC have decided to leave the current short selling ban in place until November 18 for all stocks and through till January 27 on financials.  Considering the market has lost more than 15 per cent in value since the introduction of the ban, and the XJO posting four of its biggest one-day percentage losses and four of its biggest one-day per centage gains since 1992, I find it quite a ridiculous decision.
I’m not prepared to trade against the weekly trend so its back to sitting on our hands until the trend changes or November 18 swings around.
Our account remains unchanged with no trades since October 1.
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