Paul Kedrosky points out: "The SEC is blocking shorting of NAHC, which is Nigerian Aviation Holding Company. Damn Nigerians. It's not enough they have all the best scams; they get shorts blocked too."
Still, if any stock really needed short protection, it would be one with "Nigerian" and "Aviation" in the name.
UPDATE: Unfortunately for Paul, Nasdaq:NAHC is National Atlantic Holdings Corp. The Nigerian Aviation Handling Company doesn't have a ticker I can find on U.S. exchanges.
Posted by guest , Sep 19, 2008 10:51AM
First!
Rudy
Posted by guest , Sep 19, 2008 10:52AM
Who'd the Nigerians bribe to get that treatment?
Posted by guest , Sep 19, 2008 10:53AM
Who'd the Nigerians bribe to get that treatment?
Posted by guest , Sep 19, 2008 10:53AM
nahc us is national atlantic holdings corp.....
try again
Posted by guest , Sep 19, 2008 10:55AM
Silly Nigeria with your planes and killer bees and your aids.
Posted by guest , Sep 19, 2008 10:55AM
NAHC must be a core hoding of many GS funds.
Posted by MostOffensive , Sep 19, 2008 11:00AM
If Kedrosky is wrong, he is just joining the crowd. No one does wrong quite as well as the NYT, though. Hope everyone saw this: http://www.nytimes.com/2008/09/19/pageoneplus/corrections.html?scp=3&sq=corrections%20john%20mack&st=cse
Posted by tduncaneu , Sep 19, 2008 11:00AM
Please, can you help me? I am wealthy individual from the formerly royla family. I have many funds but am temporarly unable to access them due to temporary ban on short selling by oppressive government regime. If you wire me only $1.345.000 us I will gladly share in 50% of soon to be recoverd funds and your profits will be many fold
Posted by guest , Sep 19, 2008 11:01AM
Nice fuck up and fact checking EP...
Let's still blame the Nigerians for something...
Posted by guest , Sep 19, 2008 11:05AM
NAHC used to be National Atlantic Holding Company a Jersey based auto-insurer. Clearly someone didn't scrub the list.
Posted by guest , Sep 19, 2008 11:07AM
@8...i was waiting for that.
KAAAAAAA
CHING
Posted by guest , Sep 19, 2008 11:12AM
This is fucked up. How can you have a market with no shorting? If you can only buy, who is selling? People who have already bought? This is fucked and they need to lift it now.
Posted by guest , Sep 19, 2008 11:13AM
NAHC stopped trading on 8/1/08 as it was acquired by Palisades Safety & Insurance....what are they smokeing at the SEC? I think i need some
Posted by guest , Sep 19, 2008 11:19AM
Silver State Bancorp, which was shut down by the FDIC, is on the list. Good to see the evil shorts are not allowed to wager that company might be in trouble!
Posted by guest , Sep 19, 2008 11:20AM
@14....hahahah! Dummies!
Posted by guest , Sep 19, 2008 11:42AM
Why are the PE firms on there? Can't short Fortress or Blackstone? Or the mortgage insurers, MGIC and RDN . . .
I am assuming for the time being that you can still buy puts and sell calls . . .
Posted by Pay It Forward , Sep 19, 2008 11:43AM
@12: You can still sell stocks, doofus.
Posted by guest , Sep 19, 2008 11:47AM
Buy gold. It is the one true savior in a world of inflated fiat currency. Buy gold.
Posted by american bandersnatch , Sep 19, 2008 1:16PM
Buy iron. It is the one true savior in a world of inflated fiat currency. When the system collapses, it can be beaten into swords or plowshares, as needed.