Search results

That is crap. Hedging is an excuse for everything. If that is the case, I say don't report the long position report only the short. Furthermore, what about the short only guys, they just get a free pass because... Short sellers communicate strategies to each other (Chanos holds a...

http://seekingalpha.com/article/98443-hedge-funds-eat-their-young I can only wonder, is this why Chanos was so opposed to reporting his short positions? He did not want long funds abusing him the way he abuses them. Certainly reporting short positions would allow long interest hedge funds...

No kidding. Did you see the $8.00 painting of the tape on Greenlight to end this month. They opened down $6.50 the next day and then Einhorn posted sucky results.

I guess you haven't heard, Einhorn is having a miserable summer. he may have been right on his bet with Lehman but, didn't he lose big time with New Century? and now this... GLRE Greenlight Capital reports preliminary Q3 loss/share of $3.30-$3.45 (no estimates) (22.89 ) Co reports...

Charlie is still being briefed on what to say.

funny, IB used to have a lot of microcap stock posted as available to short. Now that a hard close requirement is in play they seem to have dried up on those shares. Could this be a sign that some fake locates were being put out there?

luckybastard, You now sound like an apologist for the predators. These Credit Default Swaps - who were the investors in such? why are investors now suing anks and hedge funds for their investments in these vehicles that crashed. The fact of the matter is, an accelerated free fall enacted...

Very simple, if you raid a stock hard on unlimited shares because you re-use the same locate over and over, create a panic in the market that pulls investors out in fear, and cover in that fear; net out or not, you are manipulating the market. Do you have a problem with a pump and dump? Run...

psytrade, I thought this was a rather good dialogue. Was there a need to come in and muddy it with your unnecessary attacks?

Funny, I have talked to a former administrator to Cohen and worked for some time with a former fund manager of SAC. I think in my contacts with these people I learned a little about how they operate. Stevie making 1% in a year - never. Better check again. SAC has averaged over 25% returns...

Wrong. do you think your orders are executed the same as the big guys? Your selling, is it done by sophisticated computers that likewise monitor the stock trends? The big guys use program trading and they use algorithms that search for key news on the wire. The reactions to certain buzz...

You miss the point, the shorts covered for profit. The tanking was a coordinated effort done by short sellers. Any long investor would have read the story and known it was bogus but the short sellers had already made the headline appear true by the massive and instantaneous selloff. All...

Lucky, you are under the impression that a Jim Chanos and Stevie Cohen trade like you do - they do not. They have the capital to protect their investment even when it is a day trade. They also initiate trading expecting to close out EOD but fail to do so because of the run up you cite. too...

There is no transparency in a market. What initiated the collapse intra-day? I have done studies where it is clear that market makers use naked short volume to create the selloff necessary to cover prior shorts executed. When you look at a market and watch the volume trading you will see...

The rules today require that a short sale executing offshore through a US firm must come with a viable locate verified by the US Broker. This was the loophole that the NASD closed in 2005 (3370) that was later superceded by Reg. SHO. Muriel Siebert (First Lady of Wall Street) has lobbied...

Lucky, you are a daytrader of small proportion as I am as a long investor. We do not move markets. we are the noise That being said, Jim Chanos is a rapid trading short seller who trades EXACTLY as you do on a daily basis but does it with rapid succession, and huge volume intent on creating...

Luckybastard, it is the activities you speak of that has been the cause for concern at the SEC. With no uptick rule in place and with distress in a market, day traders selling short are manipulating the markets and doing so in a process violating the spirit of the short sale. 1. You and 10...

Keith, what don't you get? There are several reports regarding how Jeff Immelt begged the SEC to get on the no-short list. CNBC has been a long time short seller apologist and it was just last week Gasparino fawned over Chanos. the mantra has always been, those CEO's that go after short...

tomu, There is a vast difference between locate and settlement. this new rule allows naked shorts to take place so long as they are covered within the settlement period of T+3. For example, 10 people can still use a common locate of 50,000 shares (total 500,000 short on trade date) and only...