Unusual Whales
@unusualwhales
BREAKING: Turkey has banned short-selling stock
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ted (not lasso)
@ted
can anyone explain why for $5 USDC? @bountybot AI-generated replies will be disqualified
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Icetoad 🍕 🎩 🐈
@icetoad.eth
There is some serious political turmoil happening in Turkey right now with an election coming soon. The Mayor of Istanbul was jailed earlier this week as he has been a vocal critic of Erdogan and is (was?) a top contender this election season. Dictators gonna be dictators, I guess. https://www.nytimes.com/2025/03/22/world/middleeast/turkey-erdogan-democracy-istanbul-mayor-detention.html
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ted (not lasso)
@ted
how does that influence or impact short-selling?
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Alex
@asenderling.eth
In practice short selling can create downward pressure on securities, it's kind of like a way for speculators to bet against a market. Due to the political climate, and because investors typically like stability, the Turkish markets are likely to suffer from Erdogan's regime imprisoning a major political rival. So banning short selling helps slow the bleeding of the markets that will result from the significant political instability.
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baeshy🎩
@baeshy.eth
Market protection.
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