Shorting the Shorts
20 November 2008Today, Citigroup begged the U.S. government to reinstate the ban on short selling in the financial sector. CNBC ran an interview piece on shorts yesterday, with experts generally agreeing that drops of over 15-20% per day in a stock was not because of value, but could only be because of shorting.
A day earlier, a US [...]
Reason vs. “Vampire Investing”
20 September 2008Tim Coldwell, who comments below on bank shares going up without reason, is right as usual. In fact, I think he may be the first person to have even used the word “reason” in this situation.
If there is any reasoning going on on the Street, it is a switch from a day earlier, when The Pack thought [...]