Welcome to the Trader-X blog!

> TRADEthemove.com - my thoughts
> meditationSHIFT (formerly "tad")- just say "om"

Thursday, September 25, 2008

China Approves Short Selling

In a strange twist of fate, word comes tonight that "China's cabinet agreed to let investors buy shares on credit and sell borrowed stock to help develop Asia's second-largest market after prices and trading volumes slumped, an official familiar with the plan said."

Here in the US, Zales was added to the "banned short-sale list".

Trader Mike called me and said he was fueling up his private jet and would pick me up so we could go to China and trade. When I asked him if we actually had to go to China, he told me not to worry about the details and just do as I am told.

True story.

China Approves Short Selling, Margin Lending to Develop Market

_______________

4 comments:

Michael said...

We couldn't make this stuff up if we wanted to. The jet will be there to pick you up at 9 AM :-)

Roger B. said...

I am pretty sure the Government is destroying our markets, and it should come to completion in the next week.

Kevin said...

In my 48 years, I have never seen anything like what is going on now. Especially the past 48-hours. This is absolute insanity.

BTW, Mike has a private jet? I need to start a blog! Trader Kevin has a good ring.

Anonymous said...

lol