“A lot of investors were driven out of the market by the ban,” explains a clearly aggrevated Jon Najarian on Fast Money. “If the government is going to put in a ban on short-selling it needs to be for everyone. Otherwise you pretty much get a rigged game. It makes no sense to me at all!”
Jon Najarian is clearly frustrated. But we couldn’t let him go without asking him about options action in the financials. It seems the only stock in the space that’s caught his eye was AIG . “That stock moved higher, spectacularly, for most of the day,” he says. Might be worth keeping an eye on it.
> NYSE broadens Short Selling Ban
Got something to to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send your e-mail to firstname.lastname@example.org.
Trader disclosure: On Sept 22, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Pete Najarian Owns (AAPL) And (AAPL) Puts; Pete Najarian Owns (ETFC), (MYL); Pete Najarian Owns (MS) And (MS) Puts; Pete Najarian Owns (RIMM) Call Spread; Pete Najarian Owns (TSO) Call Spread; Pete Najarian Owns (WB) Put Spread; Finerman Owns (GS); Finerman's Firm Owns (RIG), (PDE), (WM), (MO), (MSFT), (SUN), (TSO), (VLO); Finerman's Firm Is Short (VNO), (WFC), (IYR), (IJR), (MDY), (SPY), (IWM), (BBT), (COF); Seymour Owns (AAPL), (COP), (ETFC), (MER), (TSO); Seygem Asset Management Owns (PTR), (EEV); GE Is The Parent Company Of CNBC; Charles Schwab Is A Sponsor Of "Fast Money"
Jon Najarian Owns (JPM) Preferred Shares; Jon Najarian Owns (C) Preferred Shares; Jon Najarian Owns (MER) Preferred Shares