• 19 Sep 2008 at 10:52 AM

Thank God The Nigerians Are Protected

By Equity Private

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.

Comments (19)

  1. 1
    Posted by guest | September 19, 2008 at 10:51 AM

    First!
    Rudy

  2. 2
    Posted by guest | September 19, 2008 at 10:52 AM

    Who’d the Nigerians bribe to get that treatment?

  3. 3
    Posted by guest | September 19, 2008 at 10:53 AM

    Who’d the Nigerians bribe to get that treatment?

  4. 4
    Posted by guest | September 19, 2008 at 10:53 AM

    nahc us is national atlantic holdings corp…..
    try again

  5. 5
    Posted by guest | September 19, 2008 at 10:55 AM

    Silly Nigeria with your planes and killer bees and your aids.

  6. 6
    Posted by guest | September 19, 2008 at 10:55 AM

    NAHC must be a core hoding of many GS funds.

  7. 7
    Posted by MostOffensive | September 19, 2008 at 11:00 AM

    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

  8. 8
    Posted by tduncaneu | September 19, 2008 at 11:00 AM

    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

  9. 9
    Posted by guest | September 19, 2008 at 11:01 AM

    Nice fuck up and fact checking EP…
    Let’s still blame the Nigerians for something…

  10. 10
    Posted by guest | September 19, 2008 at 11:05 AM

    NAHC used to be National Atlantic Holding Company a Jersey based auto-insurer. Clearly someone didn’t scrub the list.

  11. 11
    Posted by guest | September 19, 2008 at 11:07 AM

    @8…i was waiting for that.
    KAAAAAAA
    CHING

  12. 12
    Posted by guest | September 19, 2008 at 11:12 AM

    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.

  13. 13
    Posted by guest | September 19, 2008 at 11:13 AM

    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

  14. 14
    Posted by guest | September 19, 2008 at 11:19 AM

    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!

  15. 15
    Posted by guest | September 19, 2008 at 11:20 AM

    @14….hahahah! Dummies!

  16. 16
    Posted by guest | September 19, 2008 at 11:42 AM

    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 . . .

  17. 17
    Posted by Pay It Forward | September 19, 2008 at 11:43 AM

    @12: You can still sell stocks, doofus.

  18. 18
    Posted by guest | September 19, 2008 at 11:47 AM

    Buy gold. It is the one true savior in a world of inflated fiat currency. Buy gold.

  19. 19
    Posted by american bandersnatch | September 19, 2008 at 1:16 PM

    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.

Leave a comment

You can log in with your account or comment as a guest below.

   or