The "No Loss Sale" Rule
David Weidner's new column (out tomorrow) proposes outlawing the sale of any stocks for a loss.
Very clever!
Cox: But I was getting a pedicure the other day and I thought, 'Why not just short selling?' What about ALL selling?' Why not make a rule that prohibits selling a stock for a price lower than the last trade. We'd stop losses altogether. Everyone would make a profit. Unlike some of these other measures you've heard today, it wouldn't cost taxpayers a penny. So, what do you think of the Cox No-Loss Sale rule?
Source:
The no-loss sell rule
What if we tried a new strategy in the next six months?
David Weidner
MarketWatch, 12:01 a.m. EDT July 31, 2008
http://www.marketwatch.com/news/story/heres-trading-rule-guaranteed-work/story.aspx?guid=%7BCAB604A7%2DDEEF%2D4DF7%2D9389%2D2B71BFB86436%7D
Thursday, July 31, 2008 | 03:30 AM | Permalink
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Oh that's just too cool! He's done a great job of explaining the absurdity of recent actions taken to "stabilize" markets.
Posted by: Caleb Mardini | Jul 31, 2008 4:22:34 AM
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