Amazon Drops 10% - Triggers SEC Short Sale Rule

Tyler Durden's picture

Despite the best efforts of CNBC to have every bull on Amazon explain how great it really is and how they could enable to magical profit machine any minute if they so choose, the hedge fund hotel stock du jour is now down 10% and Bloomberg headlines blare:

  • *SEC Short Sale Rule 201 is in Effect : AMZN (NASDAQ)

Last night's algo-ramp to VWAP (on rising Prime prices?) is a long-distant memory now...