Short interest as a percentage of float with increase/decrease over last trading reporting day (as of September 19th):
MS: 4.10% (-6.67%)
GS: 3.40% (-9.46%)
BAC: 2.60% (+4.16%)
C: 2.90% (+0.48%)
FITB: 9.73% (+27.90%)
WM: 26.10% (+12.93%)
Do we really want to be protecting Fifth Third Bank and Washington Mutual from the sinister shorts? After all, a 10% short interest isn’t doing that much to the share price in the first place. And if 30% of the market thinks you are doomed, well, maybe you should be doomed.
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Limp ick financials can’t get it up without a shot of Coxber.
Limp dick financials can’t get it up without a shot of Coxber.
EP please cite source. I thought short interest was only reported bi-weekly.
Effective June 30, 2008, firms must report short interest positions in all securities—including NASDAQ, Amex, NYSE, NYSE Arca and OTC equity securities—through a single source on a bi-monthly basis: FINRA’s Web-based Regulation Filing Applications (RFA) system (see Regulatory Notice 08-13).
http://www.finra.org/Industry/Compliance/RegulatoryFilings/ShortInterestReporting/p085373
Did SKF halt trading in the first 10 minutes?
We should throw stones at the shorts.
“Did SKF halt trading in the first 10 minutes?”
Yeah, looks frozen to me.
@4
yes
To: hPaulson, cCox, bBernanke
From: group02110
Cc: gBush, dCheney, aGreenspan, dFuld, sCohen, lBlankfein, jMack
Bcc: hRep, Sen
SubjectL SAVE US BUSINESS PLAN
We’ve thought a lot about the problem overnight and we have another idea that should help stabilize the financial markets. While we expect that the banning of short selling and the new, more well capitalized version of a CIV, the Enormous CIV (“ECIV”), should support asset prices at current levels, we believe additional stimulus is needed for the consumer.
Speaking points on the plan include the following. Don’t worry about the details, we’ll iron them out later and do try to avoid any serious questions:
>>The excess capacity the US Treasury Is significant, only printing ~200B in bills. This is ~20B in new hard currency bills annually if you assume average printing of $15.
>>If we work 24 hours a day, seven days a week, we could add 160% to current production, or ~52B in new bills annually.
>>Additionally, if we just print $100s and $50s instead of those smaller ones that have no use anymore anyways, which is not hard synergy to get, we could produce an additional $60 per bill printed.
>> Overall, we could increase production by ~$2.4T from gains in additional printing volume and ~$1.2T from incremental value added. In total, $3.6T per year could be added to the system.
>>The obvious questions is how do you fairly distribute it, and we have thought of this as well, simply give it out to all those who have been harmed by the current crisis. This would include homeowners throughout the country with mortgage problems, individuals with credit card bills, all student loans, all cosmetic loans, all paycheck loans and even all CDS currently written. This would also include firms currently in reorganization or liquidiation, back to December 31, 2007. Any remainder would be distributed to all those who are current on their financial obligations.
>>Not only will these distributions help liquify the financial systems by allowing debts to be repaid in full, it should stimulate consumer demand and enable China to maintain current labor utilization at acceptable rates. For this we will only ask that the purchase a new structured instrument called the Negative Yield Super Value Bond (“NY-SVB”) which yields (3)% per annum for a ten year period but offer extreme stability.
>>The NY-SVB will enable us to borrow our way out of the current situation, as each $1m borrowed will only need to be paid back with $0.75m in ten years time. This would allow us the time to address the structural problems in our banks and come back ready to start the global economy again from this stasis in 2018.
>>The money raised from the sale of these NY-SVB will be used to invest in the ECIV to facilitate liquidity of Goldman Sachs, at 2%, and Morgan Stanley, the last two remaining independent prime brokers so central in the system. The rate of interest rate for Morgan Stanley will be the Prime Rate plus 19.99%. Additionally, for consideration given, Morgan Stanley shall issue warrants equal to 79.9% of its fully diluted common equity. This money will be available to them upon the deposit of any security security or contract with for its face value.
>>We expect to have this plan fully implemented within 2 weeks.
Thank you EP!!
Naked short selling is wrong but topless short selling is hot!
No offense, but if you’re taking the MS numbers off shortsqueeze.com, you should know the short number has been frozen solid at 4.1% for like the last two weeks. It hasn’t updated.
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