All the measures being undertaken at every level to attack those
viscious short sellers are working. Almost every stock with very high
short interest was up HUGE today. The short term effect of the
blow-ups is to drive up garbage stocks on short covering and drive down
good stocks on selling. But you can be sure that dozens if not
hundreds of hedge funds are in trouble right now. When they get
redemptions, that will cause further liquidation of positions, which
overall should drive down the market.
Don't short anything right
now with real money that has high short interest! These folks have no
choice but to cover their short positions.
We'll hear the horror tales about the blow-ups very soon.
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A friend's commentary...
All the measures being undertaken at every level to attack those
viscious short sellers are working. Almost every stock with very high
short interest was up HUGE today. The short term effect of the
blow-ups is to drive up garbage stocks on short covering and drive down
good stocks on selling. But you can be sure that dozens if not
hundreds of hedge funds are in trouble right now. When they get
redemptions, that will cause further liquidation of positions, which
overall should drive down the market.
Don't short anything right
now with real money that has high short interest! These folks have no
choice but to cover their short positions.
We'll hear the horror tales about the blow-ups very soon.
Citigroup Inc., JPMorgan, Bank of America Corp., Goldman
Sachs Group Inc., Merrill Lynch & Co. and Lehman Brothers alone
had more than $500 billion of so-called Level 3 assets as of June
30, according to data in a Sept. 15 report from New York-based
bond research firm CreditSights Inc. The holders of these assets
say their values can only be determined through internal models
because of illiquid markets.
0
And this from Bloomberg article...
Citigroup Inc., JPMorgan, Bank of America Corp., Goldman
Sachs Group Inc., Merrill Lynch & Co. and Lehman Brothers alone
had more than $500 billion of so-called Level 3 assets as of June
30, according to data in a Sept. 15 report from New York-based
bond research firm CreditSights Inc. The holders of these assets
say their values can only be determined through internal models
because of illiquid markets.
wall - they punished the shorts b/c thats who everyone blames when a stock goes down...not the ceo's, not risk mgmt, not compliance...its some group of traders in greenwich shorting the stock and spreading rumors
if the company (Morgan) was solvent she would lift up her dress and show the world she is solvent...if she wants, she runs tail between legs to cox and the sec to cry about shorts
which is what she did
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wall - they punished the shorts b/c thats who everyone blames when a stock goes down...not the ceo's, not risk mgmt, not compliance...its some group of traders in greenwich shorting the stock and spreading rumors
if the company (Morgan) was solvent she would lift up her dress and show the world she is solvent...if she wants, she runs tail between legs to cox and the sec to cry about shorts
What do you think will happen Monday? I mean we just went up almost 800 points in two days! granted we went down that much too . . . but i think we trade sideways or have profit taking?
who knows.
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What do you think will happen Monday? I mean we just went up almost 800 points in two days! granted we went down that much too . . . but i think we trade sideways or have profit taking?
Well you gotta expect people will still want to get into banks. the fed has completely stacked the deck on them. I think your right on both accounts vh2 there will profit taking and people trying to get in to make a profit but it wont be the huge numbers from this week. 100 pts sounds good. its gonna be a game of get in, wait, take profits while other's are getting in to take the ride up.
the short selling ban is incredible. this is the biggest rigging of the stock market in history. its idiotic to think that short seller's we're lying with rumours and conspiraring to take down banks. the obvious truth is those banks are in awful shape, and have been lying to stock holders for years.
the concept of money is fake. the government will keep printing it and us as greedy americans will keep striving to acquire more of it.
I seen this on i think it was bloomberg around close today. someone had an acronym for the securities the fed is taking of the banks books it was something like this "Securitized Housing Investment Trust " better know as SHIT
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Well you gotta expect people will still want to get into banks. the fed has completely stacked the deck on them. I think your right on both accounts vh2 there will profit taking and people trying to get in to make a profit but it wont be the huge numbers from this week. 100 pts sounds good. its gonna be a game of get in, wait, take profits while other's are getting in to take the ride up.
the short selling ban is incredible. this is the biggest rigging of the stock market in history. its idiotic to think that short seller's we're lying with rumours and conspiraring to take down banks. the obvious truth is those banks are in awful shape, and have been lying to stock holders for years.
the concept of money is fake. the government will keep printing it and us as greedy americans will keep striving to acquire more of it.
I seen this on i think it was bloomberg around close today. someone had an acronym for the securities the fed is taking of the banks books it was something like this "Securitized Housing Investment Trust " better know as SHIT
Well, shorted FITB at the close (not on the list). Holding BB&T short...at one point an all-time high? That is ridiculous!!! I agree the ban should be on naked short-selling.
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Well, shorted FITB at the close (not on the list). Holding BB&T short...at one point an all-time high? That is ridiculous!!! I agree the ban should be on naked short-selling.
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