National Financial Partners Corp. (NFP)
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- A First Look At How the SEC's Rules Are Working [view article]
- Top Nine Stocks Going Ex-Dividend Mid-September [view article]
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- National Financial Partners Is Vulnerable - Barron's [view article]
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- A First Look At How the SEC's Rules Are Working
- Top Nine Stocks Going Ex-Dividend Mid-September
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- National Financial Partners Is Vulnerable - Barron's
- Five Solid Financial Stocks
- 1Q07 Insurance Earnings: What's Working, What's Not (Part II)
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A First Look At How the SEC's Rules Are Working [view article]
I agree with the views of captainccs, above.A number of other securities, including some that are represented by pink sheet listings, which are their U.S. equivalents of Cdn (Toronto) listings, have been and are under naked short pressure, to attempt to drive the price down, and create a "fire-sale".
They aren't financials, or investment types, but ATP/UN.TO (ATPWF) is one example. At one point this Spring, it had short positions over 12-fold its total shares available...It's a CanRoy Ute of U.S. power plants. So the company decided to use some of its large cash holdings to buy back some shares at depressed prices.
Until the SEC and their Cdn counterparts get sufficient data, staff and gov't support, this "naked shorting", by which large capitalized groups, such as hedge funds and other private equity groups, as well as Turquoise and other systems set up to avoid scrutiny,...this illegal activity...will continue. The naked shorting actually causes significant problems for those smaller traders, that follow the rules to borrow shares to sell short.
Another issue that comes to my naive mind, is the shorting of ETFs and other large funds...that actually hold the commodities...Such as GLD, IAU, SLV, etc. Not the ones that are futures-based. How could the government regulators be blind to the massive shorting, when physical delivery of the assets has been very difficult...there's been a lot of blogging about central bank or SWF manipulation of these ETFs,
but at some point the inverse Ponzi scheme will detonate. Reply
A First Look At How the SEC's Rules Are Working [view article]
Are you still allowed to state the truth about a financial institution's finances? ReplyA First Look At How the SEC's Rules Are Working [view article]
I wish they would have listened to you, Denny ReplyA First Look At How the SEC's Rules Are Working [view article]
Nicely said, Denny! ReplyA First Look At How the SEC's Rules Are Working [view article]
>>>On short selling in general, we believe that it is fine to short a stock if you think a company will likely go out of business. What's not okay is to short something in order to make it go out of business.This is just not a practical approach to the problem unless you have a Thought Police Force that can actually look inside people's thinking (so much for privacy).
There needs be clear rules which, if broken, must bring retribution. Short selling, i.e. selling shares someone lent you, is perfectly legal and valid and there is no reason for interfering with this activity. The problem is NAKED short selling and the SEC has aided and abetted this criminal activity for years.
My solution is to hold both the broker and the short seller to account. If the shares are not delivered in the required time, the sale must be reversed and both the broker and the short seller should pay a file of, say, 25% each of the amount of the sale. That would stop NAKED short selling in its tracks.
The way I see it, not all NAKED short selling is because sellers think the stock is going to go broke. It could well be half of a hedged option trade. Stopping NAKED short sales would hurt many interests, which is likely why the SEC has not enforced the rules, it would hurt their regulated industry and regulation was never meant to protect the public. Anyone who still believes that, well, I have a couple of pretty bridges to sell them. Reply
A First Look At How the SEC's Rules Are Working [view article]
I agree not naked short, but regular short important part of market. Also seems good for a cooling off period.I watched one company I knew a lot about a couple years ago almost go out of business because of greatly exaggerated rumors by shorts. I was in shock they could do it, and being small didn't take that much. It had very little to do with the balance sheet. Reply
A First Look At How the SEC's Rules Are Working [view article]
Let's go one further - let's ban ALL selling of stock!Oh, but we will let you sell to buy a home or pay a mortgage.
And pay medical bills...
And....
And...
And... Reply
A First Look At How the SEC's Rules Are Working [view article]
The SEC does not agree that it is "fine to short a stock". No concern if stock prices reach outrageous bubbles, however. ReplyTop Nine Stocks Going Ex-Dividend Mid-September [view article]
I would use better stocks like Alria Kraft Pm JNJ etc ReplyTop Nine Stocks Going Ex-Dividend Mid-September [view article]
check out FRO &NAT. hold it 61 days or more & you will pay a max of 15% fed.income tax for now.it has been a great deal for me. i have no agenda.i have no connection to wall st or the stocks mentioned. ReplyTop Nine Stocks Going Ex-Dividend Mid-September [view article]
Dividends in American companies are somewhat low and have no favorable tax treatment for foreigners. Canadian banks pay dividends in the 4 to 5 percent range, Canadian income trusts even more, and, for example, Amerigo Resources (ARG.TO), listed on the Toronto Stock Exchange (TSX), is a Chilean copper and molybdenum mining company with good financials that pays a 6.5 cent dividend semi-annually. This amounts to an 8.72% yield that is tax-favoured in Canada and, even for non-Canadians, superior to anemic American yields. ReplyTop Nine Stocks Going Ex-Dividend Mid-September [view article]
Well it works and it doesn't. It is a good strategy when market is moving higher but not too much. It worked very well this spring when european corps were paying dividends (5 to 8% in one shot) and the market was strong enough to recup the dividend payment but not strong enough to make you regret a 20% capital gain. Now, I wouldn't touch this and quarterly dividends are not high enough to give an incentive. ReplyL. Johnson
Top Nine Stocks Going Ex-Dividend Mid-September [view article]
Options trade on SJR is too thin and annualized yields are too low for me. ReplyL. Johnson
Top Nine Stocks Going Ex-Dividend Mid-September [view article]
SJR looks interesting fundamentally and technically. M* estimates its fair value at $27 (4*).Charts are here:
stockcharts.com/charts...
I agree that the maneuver makes little sense. It looks like a stunt or gimmick. Buy the stock, sell covered calls and collect the dividend and cap appreciation. Reply
Top Nine Stocks Going Ex-Dividend Mid-September [view article]
most of the time this maneuver is sheer nonsense.if it was easy & a good money maker all would be doing it. Reply