Posts filed under “Short Selling”
It ain’t just Lehman, Fannie and Freddie: There are plenty of other Pigs in the sea.
Washington Mutual (WM)
We are long this — my trading desk has been trying to bottom tick this today — but I don’t like it as anything other than a trade.
American International Group (AIG)
Reuters says AIG’s exposure to Fannie Mae, Freddie Mac preferred shares between $550 mln-$600 mln, according to sources.”
Merrill Lynch (MER)
The only good news is the dearth of bottom calls for the sector — something that is essential for the actual bottom to occur.
Long WM, Short AIG, No position in MER.
UPDATE: Fortune rips off this title! Putting lipstick on a pig 9/14/08
Another day, another disaster at the 148 year old firm known as Lehman Brothers: > > When the posthumous story on Lehman gets written, I do not see how full blame for the debacle does not fall anywhere but squarely on CEO Dick Fuld, who has presided over a stock decline of 90%+ this year:…Read More
David Weidner’s new column (out tomorrow) proposes outlawing the sale of any stocks for a loss.
Cox: But I was getting a pedicure the other day and I thought, ‘Why not just short selling?’ What about ALL selling?’ Why not make a rule that prohibits selling a stock for a price lower than the last trade. We’d stop losses altogether. Everyone would make a profit. Unlike some of these other measures you’ve heard today, it wouldn’t cost taxpayers a penny. So, what do you think of the Cox No-Loss Sale rule?
The no-loss sell rule
What if we tried a new strategy in the next six months?
MarketWatch, 12:01 a.m. EDT July 31, 2008