Royal Bank Scotland PLC (RBS)

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  • commenter
    jerrystroud
    Jul 23 08:31 AM
    SEC Shorting Restrictions: Are Some Banks Being Set Up? [view article]
    Thje advice has alway been "buy low, sell high" but these analyst had strong buys when bank stocks were at $60 and now that they bottomed out at $6, they issued strong sells. At the same time, you see buy orders from someone for a million shares at a time. Obviously my old aunt Mable? Couldn't possibly be these hugh institutions accumulating. Reply
  • commenter
    User 138602
    Jul 22 01:45 PM
    The SEC's 'Sacred Cow' List: Where Are WaMu and Wachovia? [view article]
    foreign banks? is it because they have their head office in another country? all those institutions have money invested everywhere including USA. But I agree with the fact they should all be protected
    no privileges should be attached to only a handful in the same sector.
    thanks for the list and all that goes with it,really interesting and valuable tools.     Reply
  • commenter
    ShortsHurtin
    g
    Jul 22 03:23 AM
    My Website
    The SEC's 'Sacred Cow' List: Where Are WaMu and Wachovia? [view article]
    Excellent post. Short selling is real and destructive and done by some of the same banks on the protected list. But it seems like they don't like to be on the receiving end of the same treatment.

    Read the following please. It's worth your time, I promise.

    www.deepcapture.com/

    Then if you want to see more, have a look at this:

    www.deepcapturethemovi...

    And another site about the subject:

    megamata.com/forum/vie...

    Then sign this...

    www.petitiononline.com...     Reply
  • commenter
    mark mchugh
    Jul 21 11:38 PM
    The SEC's 'Sacred Cow' List: Where Are WaMu and Wachovia? [view article]
    thanks all. BIG THANKS to gosailing and Greybeard. I completely missed the meaning of "primary dealers" in the statement (I never even think about government securities), but that is the 'sacred cow' list. Allianz is Dresdner Kleinwort, and Royal Bank is Greenwich Capital. Cantor Fitzgerald is private, and Bear Stearns will be absorbed into Lehman. I must concede the LBMA connection becomes a secondary footnote.

    I still think the question, "what does this mean?", is valid. I detest the selective enforcement of rules and was puzzled, to say the least, by the list. Maybe we should be expecting turmoil in the US goverment securities market.

    Shabba - I collected my short interest data from shortsqueeze.com and used google finance for some of the shares outstanding data (if it was missing at shortsqueeze). Many financials have very large short interest (NCC- 21%, for example). The point I was trying to make was the companies on that list don't have large short interest (excepting FRE, FNM & LEH). I couldn't tell you how accurate the information provided is, or how short interest from other exchanges is reflected on ours, if at all. But, from the info I can get, it certainly doesn't seem like the companies are under siege on our exchanges and that's all the SEC controls. So, why are they concerned?

    In both investing and life, I believe that those "weird little things" often turn out to be significant in hindsight, and if you can decipher them sooner rather than later, you'll be way better off. This may be one of those things. Plus, I can't resist a good conspiracy theory.

    Thanks again all, for sharing your insight.

     Reply
  • commenter
    Tim in SATX
    Jul 21 10:54 PM
    The SEC's 'Sacred Cow' List: Where Are WaMu and Wachovia? [view article]
    Mark and all, the real protective target of the SEC list is just Fannie, Freddie and Lehman. The whole primary dealer thing is just thrown in there to add some hint of legitimate rationalization. The SEC is perverting their mission to protect investors. They have turned a blind eye to the whole bubble promotion issue, and now that we have the next bubble bust- in real estate finance, they are looking for scapegoats.
    Shorts play an essential role in mopping up bursting bubbles as they are the only bid while taking profits in a crash. This, after their offerside supply at the top protected the last fools from theirown bidding extremes.
    The SEC is misreading the rumor mongoring shorty boogieman here. The source of the rumors on Bear Stearns for example was merely the sharing of counterparty risk concerns as a part of legitimate business transactions. If you needed to hedge your BSC credit or counterparty risk in a meltdown, why not short the stock?
    The SEC is inadvertantly playing Whack-a-Mole with dynamic credit exposure hedging. Financial equities are intangible options on a leveraged balance sheet. Did anyone notice that during the short squeeze on the GSEs their MBS spreads blew out? Do you think their equities were getting kicked around like credit hedge option footballs? Did anyone notice how MBS spreads improved when the GSEs reversed today?
    Is the SEC now trying to promote GSE equity in a desperate attempt at a last ditch private market recapitalization? Are they misreading the shorting of Lehman as a bear raid when it is credit and counterparty risk exposure hedging?
    And as far as Hanky Panky Paulson goes- I say stop it with the shotgun socialism!     Reply
  • commenter
    Shabba
    Jul 21 08:25 PM
    The SEC's 'Sacred Cow' List: Where Are WaMu and Wachovia? [view article]
    I think your data is wrong. It doesn't make any sense for the finanicals to have a lower short interest than the S&P 500. In fact it makes absolutely no sense whatsoever, and I gotta say that your data must be wrong. These stocks have been decimated. I wonder if this includes "naked shorts". How are they measuring this, is it the average short interest at the end of the day, or what? I've seen a lot of these companies exchange 20+% of their total shares in one day. This has to be massive short selling. Reply
  • commenter
    Greybeard
    Jul 21 07:18 PM
    The SEC's 'Sacred Cow' List: Where Are WaMu and Wachovia? [view article]
    Good point, Gosailing.
    The Fed's Primary Dealers list has all on the 'sacred cow' SEC list except for Allianz SE and Royal Bank and Fannie Mae/Freddie Mac. The SEC's seemingly arbitrary list may have much more with keeping open the Fed's ability to trade volumes US securities. Thereby securing the Fed's ability to execute their monetary policy (right or wrong).
    www.newyorkfed.org/abo...
    Reply
  • commenter
    ringoes_man
    Jul 21 06:21 PM
    My Website
    Short Sales: SEC Turns Back the Clock to 1931 [view article]
    Let me get this straight; I pay my broker to buy, hold and eventually sell my stock (street thingy) and meanwhile he is short selling my shares and others in huge quantities in order to manipulate the price to my disadvantage?

    How is this legal? How did I give my broker the right to 'lend/sell' my shares?     Reply
  • commenter
    SYA
    Jul 21 05:33 PM
    Mother of All Short Squeezes? [view article]
    It has always mystified me that the SEC will let naked shorting occur as this would be defined as selling of unregistered and unissued shares which is illegal and forbidden under the Securities Act of 1933. A technicality--I don't think so. Until these shares are borrowed or covered the company's capitalization increases. Reply
  • commenter
    gosailing
    Jul 21 05:29 PM
    The SEC's 'Sacred Cow' List: Where Are WaMu and Wachovia? [view article]
    SEC Chairman Cox specifically referenced " Primary Dealers", Fannie Mae, Freddie Mac in his "naked" shorting decision. Primary Dealers and requirements for being Primary Dealers are listed at the NY Federal Reserve website:www.newyorkfed.org/mar... Reply
  • commenter
    pavlov
    Jul 21 04:35 PM
    Short Sales: SEC Turns Back the Clock to 1931 [view article]
    Cut to the chase and just ban selling!!! Reply
  • commenter
    orca
    Jul 21 01:35 PM
    The SEC's 'Sacred Cow' List: Where Are WaMu and Wachovia? [view article]
    This is interesting information. I saw the list, didn't understand why some were and some weren't on it, especially the foreign ones, and although I'm not sure yet LBMA is the trigger to the compiled list it is not farfetched. Questions remain: why GS, why not WM/WB/etc, why not all 120 LBMA members (insofar that they have a US listing), but this truly is eye-opening. Good work Mark. Reply
  • commenter
    Bob Gary
    Jul 21 01:32 PM
    The SEC's 'Sacred Cow' List: Where Are WaMu and Wachovia? [view article]
    Exactly Mark! Love the Frankie pic! David Enke was talking about this same topic over the weekend. See link below.

    www.greenfaucet.com/th...     Reply
  • commenter
    Lilliana
    Jul 21 01:25 PM
    Short Sales: SEC Turns Back the Clock to 1931 [view article]
    NOTE WELL
    Quote
    He that sells what isnt his'en must pay his debts or go to prison..
    ( Long standing rule..which has stood the test of time.)
    Reply
  • commenter
    william_tige
    rsoft.com
    Jul 21 11:54 AM
    My Website
    Short Sales: SEC Turns Back the Clock to 1931 [view article]
    THE SEC CLEARLY AIDED THE 2007-2008 "BEAR RAID"

    With the financial stocks up sharply for a fourth day in a row since the SEC banned naked short sales in leading financial stocks, one has to wonder how much of the size of the decline owed to hedge fund naked shorting of these stocks and why, if the SEC is at all concerned about excessive market volatility owing to bear raids, it does not ban naked short sales in all securities and enforce this
    rule with real  penalties.  The answer is, of course,  the SEC is the client of Wall Street insiders, not the investing public.  I might not have said that, but for way at the end of June 2007 the SEC cleared the way for a bear market by suddenly, capriciously, illegally allowing short sales on down-ticks.  The SEC has not
    begun a single action against anyone for driving a stock down by naked short-selling. We should watch the SEC.  They want financials to rally now.  There are two earlier cases, in 1931 and 1932, where the NYSE briefly banned short sales. The market rallied then, too, until the ban was lifted.
    See seekingalpha.com/artic...

    I have to mention the SEC's hypocrisy and Chairman Cox's misleading statements on CNBC, where he denied naked short selling was illegal.  Cramer hit COX pretty hard.  Wall Street is not a level playing field.  And the SEC is not even pretending now.   That suggests that they are rather desperately trying to bring a
    recovery. This is as rank as Bush's connections to Enron's Ken Lay.
    He denied being friends with this convicted swindler. But the truth was Lay provided Bush with more than a million dollars. Bush would likely not have become President without Lay's lavish support.
                          ... They are supposed to police insider trading.   Who police's the SEC?   It is clear from 
                          ... the high volume of trading in  finance stocks before the announcement, that they let
                          ... favored insiders know in advance. 
                          ... ( See - www.tigersoftware.com/...   )
      

                          ... Given their heavy weighting in the DJI - BAC, C and JPM, I would think
                          ... the DJI will move higher and reach the point of breakdown, 11700.  A 50%
                          ... retracement would take the DJI up to 12000.   It is back to its declining
                          ... 21-day ma. and the resistance of the hypothetical low of January.  The market
                          ... was very oversold.  A two week rally off a July low is typical even in a bear market.
                          ... That the DJI is moving up appreciably more than the  SP-500 or NASDAQ
                          ... makes the rally suspect. 
                          ...
                          ... V-Bottoms Are Not Common

                          ... Despite the 450 point rally, we have no major Peerless Buy.  So, the odds favor the
                          ... rally being short-lived and a re-test of 11,000,  unless you are accept the Bear Raid
                          ... hypothesis offered above, which then would suggest that the DJI has along way to
                          ... rally, now that insiders have accumulated so much stock at the bottom.   Looking
                          ... back to 1965, there are few "V" bottoms  and still fewer boittoma without major
                          ... Peerless Buys.  Three quarters  of the time, bottoms require at least another test.  
    Reply

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