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Short selling lies
Comments
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They do regularly, and your point is?I think you will be finding that a lot of the 'big boys' are about to have their balls chopped off.
My point, in case you missed it, short selling is a part of the market game, if you don't like it...don't play!Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
Obviously the B&B shares dropped in value due to the break-down in talks in the USA about giving $700 billion to some of the most imcompetent, corrupt and overpaid people in the history of the planet. Obviously the stocks were marked down before start of trading so the vultures missed out.
I don't think that the two events are directly linked, tho the uncertainty over the Tarp can't have helped. And from whichever way you look at it the Tarp is no gift. As it's primary purpose is to deterime what the problem CDOs ect are actually worth. Marking to (the current frozen) market is the root cause of the credit crisis.
If it works the tarp will create a market, And the cdo's will be sold at fair value. IE something between firesale, and price at (normal) maturity. This is unlikey to be seen as a gift by the banks who will most likely, still have to (in most cases) write down notional asset values by a hugh amount.0 -
You can see from the HBOS graph, it is like an X, fallinng share price and rising stock lending.
Obviously the B&B shares dropped in value due to the break-down in talks in the USA about giving $700 billion to some of the most imcompetent, corrupt and overpaid people in the history of the planet. Obviously the stocks were marked down before start of trading so the vultures missed out.
B&B shares dropped before US was awake & talks had even started.
So it's OK (In your opinion) to gain a profit on a stock, but not to lose??? Why are you buying stock? Read the disclaimer that your Broker will by law provide you.
The practice of short selling has been around for many years & it's fundamental to the market.0 -
GordonGecko wrote: »B&B shares dropped before US was awake & talks had even started.
So it's OK (In your opinion) to gain a profit on a stock, but not to lose??? Why are you buying stock? Read the disclaimer that your Broker will by law provide you.
The practice of short selling has been around for many years & it's fundamental to the market.
It is fine to lose on a stock if the market is not being rigged by fund managers lending out your shares in a bad market so they can have their price trashed.
The process of shorting by mutual funds was banned untill as recently as 1997, 11 years is hardly 'many years'.0 -
They do regularly, and your point is?
My point, in case you missed it, short selling is a part of the market game, if you don't like it...don't play!
There are plenty of nefarious things that are also "part of the market game".
That doesn't mean that a civilised society should openly tolerate them..
Car bombings to create market instability, any one? Terrorist attacks on rival plant and infrastructure? Assassination of non-compliant political leaders? Rampant speculation leading to food price hyperinflation leading to genocidal starvation?
All part of the market game, eh?! Most would call it fascist.."If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
-- Thomas Jefferson0 -
Those who argue that short sellers can drive a share price below its fair value need to explain why other investors do not take that buying opportunity. This is the fundamental question that needs to be answered by detractors of short selling...
"Other investors", the little people outside of the loop without privileged insight, have no way of knowing quite how low the short selling conspirators intend to artificially drag down a stock.
There is no such thing as "fair value" when there are those with the means to bankrupt a stock in minutes.
Short sellers are cut from the same cloth as the gangsters who run the "Plunge Protection Team" - a cabal of crooks in Government who use vast public funds to secretly manipulate the markets (for whose benefit? hmm?)
Talking of market manipulators...Traders Puzzled By Eery 911 Closing Of S&P Futures
By Kristina Zurla
9-12-2002
CHICAGO (AP) - In an ironic twist, the September Standard & Poor's 500 futures contract closed Tuesday at 911.00 - a day before the one-year anniversary of the terrorist attacks.
There was some buzz on the Chicago Mercantile Exchange stock index futures trading floor Wednesday about why that happened, but there were no reports of collusion or price-fixing.
"It was bizarre, it was strange, but it wasn't manufactured," said Richard Canlione, vice president of institutional financial futures at Salomon Smith Barney. "It was just the rules of coincidence ... That's just where the market was."
"It just proves the market God was with us, remembering the day, too," said one CME trader.
The start of trading was delayed Wednesday in honor of those killed in the attacks.
Market players noted prices were already moving higher throughout Tuesday after two prior up days, so it wasn't as if an abrupt change in direction took place to achieve the numerical equivalent of Sept. 11.
Some thought perhaps suspicious activity could have taken place, but most brushed it off as a "patriotic rally" and didn't see the harm in it.
"I'm always kinda paranoid, and I find the fact that we settled there kind of eerie, but I don't think we should dwell on it or read too much into it," said Tim Haefke, a stock index futures trader and president of Top-Notch Trading.
The futures contract is an obligation to buy or sell a basket of stocks composing the Standard & Poor's stock index at a set date for a fixed price.
Kristina Zurla is a correspondent for Dow Jones Newswires
Copyright © 2002 The Associated Press. All rights reserved."If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
-- Thomas Jefferson0 -
edwinac wrote:"Other investors", the little people outside of the loop without privileged insight, have no way of knowing quite how low the short selling conspirators intend to artificially drag down a stock.
Those "little people" are in fact the vast majority who would jump at the chance to buy stock they thought was undervalued.0 -
It is fine to lose on a stock if the market is not being rigged by fund managers lending out your shares in a bad market so they can have their price trashed.
The process of shorting by mutual funds was banned untill as recently as 1997, 11 years is hardly 'many years'.
I would strongly suggest not getting involved with markets - you are very misinformed.0 -
"Other investors", the little people outside of the loop without privileged insight, have no way of knowing quite how low the short selling conspirators intend to artificially drag down a stock.
There is no such thing as "fair value" when there are those with the means to bankrupt a stock in minutes.
Short sellers are cut from the same cloth as the gangsters who run the "Plunge Protection Team" - a cabal of crooks in Government who use vast public funds to secretly manipulate the markets (for whose benefit? hmm?)
Talking of market manipulators...
In the UK - A person "outside the loop" who has a full advisory service with a broker will be given that information as it goes on - you may find your broker acts without your knowledge with a disrectionary licence (which you sign) - if you choose not to use such a service you would be given a morning report of the market conditions & left on your own (execution only)
I really can't see why you have a grievance for a practice that is part of the market - it's rather like saying a baker can continue his job, but must not bake bread. Uncooked bread is not much use to anyone & after a while goes mouldy.0 -
GordonGecko wrote: »I would strongly suggest not getting involved with markets - you are very misinformed.
I don't value your opinions, so here is no real point in you giving yours.
They are a Northern Rock and a Bradford and Bingley as far as I am concerned.0
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