One of my early trades… and the most memorable one!

I’ve done many trades since I first began participating in the financial market a number of years ago. But I have to say that this particular trade was the most memorable one.

What company did I trade? It was Zinifex Ltd., a mining company that has since been taken over by another company.

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Short Selling Stocks not Permitted Anymore

Yeah, you read that right folks. We won’t be able to sell stocks short anymore.

For Australia, the decision is temporary and it will be reviewed in 30 days. Read ASIC’s page here.

How about those who already have short positions established? Well, they can maintain those positions if they wish. Just that, no new positions can be entered.

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