Results tagged “Short Sell Scapegoat” from Dealbreaker

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Dangerous Alliances (Morning Wordgame Edition)

I doubt there could be a much more direct indicator of how absolutely abysmal things are than New York and federal prosecutors cooperating on anything. Perhaps its when the New York Times calls Credit Default Swaps, the dangerous new focus...

Memo To Manipulators: Short Ban Ends Tomorrow

Mark your calendars! All your market manipulation methods are "Go for throttle up." Prepare to bitch-slap the stuffing out of those shares, people! A Debate as a Ban on Short-Selling Ends: Did It Make Any Difference? [The New York Times]...

This Would Have Been Like Making Colonel Sanders Give Popeye's His Chicken Recipe

We stared at this article for a long time before deciding that we could not possibly add much commentary other than to lift the quote that constitutes the title of this entry. With an analogy so tortured, so beyond redemption,...

Wild And Crazy Predictions: Again

Call us crazy, but everywhere we go we hear hedge-fund failure buzz. Rumors are, of course, rumors, but the logic is occasionally compelling. Investors moving to cash, Treasuries, the VIX at 43, or to quote an old weather vane: "even...

Coming Soon: "Protections," For Your Protection

This kind of vague sort of quote is really maddening. Specifically, Bloomberg reports: U.S. regulators are likely to extend a ban on short-sales of financial stocks and is considering new protections for all publicly traded companies, NYSE Euronext Chief Executive...

Short The Short Selling Ban?

As we hinted at yesterday, it looks like the SEC is going to extend the short-selling ban. Of course, this is not without cost, given the wild unpopularity of the measure, and the fact that it badly mangles markets for...

Excellent News From The Ministry Of Price Control!

At least if the Wall Street Journal is to be believed, the short sale ban will be extended for at least a week or two after the original October 2nd sunset date. Doubtless the incredible success of the plan (see...

Short Race To The Bottom

Yeah, it figures. Taiwan has banned short selling in equities. Period. The brilliant and original move is aimed at "preventing short-sellers from depressing the market and [at] boosting investor confidence...." Taiwan, I believe I may have detected the flaw in...

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

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...

Let's Try For A Majority Next!

1 in 7 of the stocks listed on U.S. Exchanges are now members of the No-Shorts list. Let the good times roll. I hear Iceland is nice this time of year. No, seriously. SEC's Ban on Short Selling Is Casting...

The Very Model Of A Modern Major-General

Financial crisis can have an ironically soothing effect on management. Suddenly you can mark a bunch of stuff down, fess up to fiscal disasters and blame it all on the recent "economic whirlwind." If you are clever, you can also...

Show Us Your Knickers!

The SEC continued its quest to eliminate short-selling entirely from U.S. markets by investigating whether traders actually spread rumors. I also heard that the FBI might be checking into the accusation that teenagers are having sex in cars or even...

"No Shorting. Well, Except For You. Ok, You Too, I Guess."

Well, we all knew they blew it, the only question was how long it was going to take them to admit it. And given that the rule was only scheduled to last ten days at first, we might have endured...

Short People Got No Reason To Live: Part II

Sure, it's only (sort of) financial now, but given how brilliantly it has worked in curing fundamentals (someone forgot to tell FedEx though) and boosting the market thus far, can a wider short-selling ban be far behind? (Probably not, but...

What Goes Up, Must Not Come Down: Short Sale Rule Discussion

Yeah, yeah, we know. You love it. You hate it. It is the best of rules. It is the worst of rules. Cox is a genius. Cox is a knave. Cox is a gentle and tender lover. Cox is a...

Thank God The Nigerians Are Protected

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...

d'Anconia Copper

"Is . . . is there something wrong, Senor d'Anconia? I mean, on . . . on the Stock Exchange?" Francisco jerked his finger to his lips, with a frightened glance. "Keep quiet," he whispered. "For God's sake, keep quiet!"...

Short Snapshot

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...

On Reputation Capital

There is an old adage that the currency you bank by keeping your vessel tidy and ship-shape can be withdrawn again in times of need, drawn off against the foibles of inclement weather. Leave that line tangled on the bow...