A Strange Coincidence

Is it just a coincidence that on the day the Securities and Exchange Commission (SEC) bans short selling in 799 Financial stocks, the sign below mysteriously appears nailed to a fence in Suburban Birmingham, Alabama.



Stock Loan, of course, is the official name of the departments at Wall Street firms which handle the borrowing of stock for clients who want to sell short. Someone getting out of the business perhaps?

Financial Stocks Not On The Banned List

I found a few Bank stocks not on the list of 799 stocks that can't be sold short per the Securities and Exchange Commission (SEC) order this morning. They are all Bulletin Board or Pink Sheet stocks so I am not sure if they can be borrowed anyway, but here are some of them:

Wake Forest Bancshares (WAKE)
Oxford Bank Corp (OXBC)
Baylake Corp (BYLK)
Benton Financial (BTOF)
Florida Community Banks (FLCM)
Greater Sacramento Bancorp (GSCB)
Stonegate Bank (SGBK)
Bank of Santa Clarita (BSCA)

Please understand I am not saying you should short these names. I know very little about most of them.