Posts filed under “Short Selling”
At Lehman’s annual meeting held in April of this year, Richard Fuld, CEO of Lehman Brothers, was rumored to have said: "I will hurt the shorts, and that is my goal."
That quote was widely circulated — but it turns out to be wrong. You see, Fuld never actually uttered that phrase. The speech he gave was incorrectly transcribed.
What Fuld actually said was "____________."
You can fill in the blank below
Several weeks ago we discussed the likelihood of a tradable low being put in place. On January 23, 2008, we thought conditions were in place that would allow agile traders to play for a bounce — but advised that long-term investors avoid the sloppy tape. At that time, we suggested an 8, 10, or 12%…Read More