• 30 Sep 2008 at 1:35 PM

The Mystery CEO Who Took His Firm Off The No-Short List

By

CNBC has been building the fake suspense for three commercial breaks now. Who could it be? What penetrating commentary should we expect? We are game. And easily amused. So we got excited when we heard. We fantasized that it was David Einhorn of the Einhorn Eagle Scouts or someone.
It is “Ric Dillon.” What a let down. President and CIO of Diamond Hill Investments. Hoo-ray. My excitement is testing the threshold of explosive incontinence, let me tell you. Well, he did short Detroit. Anyone who shorts that armpit can’t be that bad.
If you don’t recognize the name, he’s kind of the typical looking Midwest football jock-come-mini-regional-bank-President. You know the one I mean. After living next door for 5 years he first met your parents when he came over at 3am and compelled his dejected looking son to admit that he had stolen your parents’ car and gone on a joy ride out to the country and would they please not press charges because, after all, he didn’t mean any harm and all the kids were doing it and he will wash it for free if they just forget about the police. Yeah. That guy.
I was really hoping for some sparks. I got nothing. He spent all of 15 seconds on short selling. Then he went on to deliver a very weak pitch for Apache (NYSE:APA). Christ.

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Comments (11)

  1. 1
    Posted by guest | September 30, 2008 at 1:47 PM

    Apache don’t hedge much. Long live Apache!
    ~Jimmy Crack Korn
    East Texas Gas Trader

  2. 2
    Posted by guest | September 30, 2008 at 1:47 PM

    Dow’s up nearly 400.. so much for Armaggedon.

  3. 3
    Posted by guest | September 30, 2008 at 1:48 PM

    Dead Cat Bounce

  4. 4
    Posted by guest | September 30, 2008 at 1:51 PM

    Equity means nothing.
    look at the Credit
    Libor and Ted…scary scary scary

  5. 5
    Posted by guest | September 30, 2008 at 1:52 PM

    Equity means nothing.
    look at the Credit
    Libor and Ted…scary scary scary

  6. 6
    Posted by PBateman | September 30, 2008 at 1:53 PM

    David Einhorn did take his firm off (GLRE)

  7. 7
    Posted by guest | September 30, 2008 at 1:54 PM

    Did someone say Apache?
    http://www.youtube.com/watch?v=GFGzGfym-7Y

  8. 8
    Posted by guest | September 30, 2008 at 1:55 PM

    @bateman- yes, but he wasn’t the ceo cnbc had on.

  9. 9
    Posted by guest | September 30, 2008 at 2:15 PM

    Rumors that Deloitte is going to conduct massive layoffs…in addition to the 800 they’ve laid off already…

  10. 10
    Posted by guest | September 30, 2008 at 2:26 PM

    dillon’s firm makes money shorting stocks, so it’s not really surprising that he opposes the ban.

  11. 11
    Posted by guest | October 1, 2008 at 9:49 AM

    A quick experiment reveals that dead cats do not bounce anything like half as high as you drop them from. A different explanation is required.

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