Jim Cramer knows how to play the game, he was one of the hedge fund managers. He also knows how to stop them. The (originally British) plan goes beyond restoring confidence in banks, it also breaks some very nasty practices the shorts have played against financial institutions.
Entries Tagged as 'Short Selling'
Breaking the short capital destruction cycle
October 15th, 2008 · No Comments
Tags: Short Selling
Naked short selling doesn’t exist?
October 10th, 2008 · No Comments
These people are basically criminals, but they get the Royal treatment from CNBC..
Tags: IOC · Short Selling
Shame on the SEC: InterOil’s huge share delivery problems
October 8th, 2008 · 1 Comment
These figures come from buyins.net. We have been granted permission to publish them (many thanks Buyins.net!) Buyins get their figures directly from the SEC. It is a figure of shame. Deep shame. The SEC has come up with new rules against naked shorting, but they don’t even enforce their old rules. The figure below is [...]
Tags: IOC · Short Selling
Naked short selling is a crime, and this is how they do it
October 3rd, 2008 · 2 Comments
The SEC has clamped down on short selling of almost a thousand financial (and two non-financial) companies, but the real crime is naked short selling, selling shares that haven’t even been borrowed, and hence cannot be delivered and thus create ‘delivery problems.’
Tags: Short Selling
It’s getting ever more difficult to borrow shares for shorting..
October 1st, 2008 · No Comments
Shorting shares is becoming more difficult with the SEC waking up from a long stupor and lending shares being hampered. From the WSJ.
Tags: Short Selling
Short positions, even intra-day, have to be disclosed
September 30th, 2008 · 1 Comment
The plot thickens. We could soon know which funds are short in InterOil. They are likely to be the same that have sold 3.6M shares nakedly short. We might not get an end to that soon, but at least we’ll know who they are.
Tags: IOC · Short Selling
Dr. Patrick Byrne on naked short-selling
September 26th, 2008 · No Comments
Dr. Patrick Byrne, CEO of Overstock has had more than his fair share of naked shorting. But this is not a guy who lays down and takes it, he fights back, started the excellent deepcapture.com website, the best background information on naked shorting on the web. Here, the story of an editorial he wrote years [...]
Tags: Short Selling
More pressure on naked shorting
August 19th, 2008 · No Comments
After the temporary emergency rules for 19 financials proved to be a success, the SEC will propose a marketwide solution to combat naked shorting, or more especially, failures to deliver in the next couple of weeks.
Tags: IOC · Short Selling
There is real momentum against naked shorting
August 2nd, 2008 · No Comments
The Senior Vice President of Citi/Smith Barney pleading in a letter to extent the emergency rules currently in place for 19 financials against naked shorting (forcing shorters to borrow the shares first) and a plea to re-install the uptick rule (shorts could only be placed on upticks previously, a rule that was eliminated a year [...]
Tags: IOC · Short Selling
