True Religion Apparel Inc. (TRLG)
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TRLG Forum Topics
- All Comments on TRLG
- General Discussion on TRLG
- Stocks Potentially Impacted by SEC's Enforcement of Regulation SHO [view article]
- A First Look At How the SEC's Rules Are Working [view article]
- Resolution Meeting - Fast Money Recap (9/18/08) [view article]
- Stocks with the Highest Short Interest [view article]
- S&P 1500 Stocks With The Highest Short Interest [view article]
- Wall Street Breakfast: Must-Know News [view article]
- Get True Religion - Cramer's Lightning Round (7/22/08) [view article]
- Raw Data Report: Apparel [view article]
- True Religion Short Squeeze [view article]
- Wall Street Breakfast: Must-Know News [view article]
- True Religion Apparel at Record Short Interest [view article]
- True Religion: Just a Name? [view article]
loading ...Recent TRLG Articles
- A First Look At How the SEC's Rules Are Working
- Resolution Meeting - Fast Money Recap (9/18/08)
- Stocks Potentially Impacted by SEC's Enforcement of Regulation SHO
- S&P 1500 Stocks With The Highest Short Interest
- Stocks with the Highest Short Interest
- True Religion: Breaking Records and Raising Guidance
- Wall Street Breakfast: Must-Know News
- Raw Data Report: Apparel
- True Religion Short Squeeze
- True Religion Apparel at Record Short Interest
- Full List of Articles »
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Staples
Stocks Potentially Impacted by SEC's Enforcement of Regulation SHO [view article]
It's so odd to me. when DNDN spiked into the 20's i remember peopleposting that they couldn't short the stock anymore, their broker didn't have and couldn't find anymore shares to short for their clients. I guess things have changed a little bit since than.What would happen in todays market, ok before 5 days ago, when naked short selling was allowed.
what would have happened. I'm lost on this one as usual.
Billy Staples
for a prez shirt thedarksize.com
for a hard to get stock market joke thedowjokesreport.com
Hang in there all, but not like I did with apple
Oh unofficial poll.....what do you think happens in October for DNDN
Yea or nay for Provenge? Reply
Stocks Potentially Impacted by SEC's Enforcement of Regulation SHO [view article]
It is one thing to state an intention to enforce a rule - and quite another to do it. The SEC has ignored its own disciplinary threats before. Often, it is not investors trying to manipulate stocks, but brokers themselves so the SEC has full authority to obtain compliance with SHO if they choose to do so. With considerable skepticism, time will tell. ReplyA 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
Stocks Potentially Impacted by SEC's Enforcement of Regulation SHO [view article]
Didn't anyone see McCain on TV criticizing the SEC chairman, saying he'd fire him? Kind of funny, one of your own voting tribe and he acts like hes above his own party. ReplyA 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. ReplyResolution Meeting - Fast Money Recap (9/18/08) [view article]
Will more steps be needed beyond the US Congress plans for a financial fix?A purchase of paper from solvent entities with a view to an eventual sale back to the market through an auction process is good. Read more about the Congress plans here.
An available buyer will mean (a) improved liquidity (b) higher confidence (c) arrest in accelerating mark to market losses.
This is a good first step because it will ebb the flow of insolvencies caused by liquidity & confidence crisis. One can assume that following an acquisition of distressed debt, the asset acquired will be "off market" until stability returns, otherwise it defeats the purpose. An incidental side benefit will be profitable dispositions which will significantly reduce budget deficits.
Still, this does not entirely address the solvency issue. The risk of disorderly unwinding of insolvents remains high. To prevent a disorderly unwinding it is possible that additional steps might be required. These could include:
1. An RTC type vehicle to hold and sell assets of failed banks.
2. Nationalization as in the case of SWF's.
3. Combination to create a stronger entity post acquisition.
4. Active marketing of new capital requirements to SWF's and nations with budget surplus.
Everyone has a responsibility to act; this crisis may have started out in the US, but its impact has and will continue to be felt the world over. How bad it gets depends on how early and how actively the world engages in seeking a solution.
Escalating deficits from the rescue packages will cause an elevation of inflation; this will hurt the world. In my view nations which can look at risk from a multi-decade perspective will need to engage in providing a solution. Reply
Stocks Potentially Impacted by SEC's Enforcement of Regulation SHO [view article]
Why are we talking about this now?The law was enacted in 2004. Cox says he is now going to enforce it, in 2008? What do we pay these people for? Why isn't Cox standing up before Congress trying to defend his refusal to enforce the law for the last four years? Reply
Resolution Meeting - Fast Money Recap (9/18/08) [view article]
Based on the above comments of mine I might offer the Feds/Treasury the following suggestions:Eliminate income taxes for one year
Double the SS payments to Seniors
Award everyone a $25,000 bonus for showing up with a USA Birth Cirtificate Reply
Resolution Meeting - Fast Money Recap (9/18/08) [view article]
It seems that the Fed/Treasury which created these problems to begin with are finally doing something to stop the mark-to-market bleeding by taking on all paper instead of allowing the market to function. I suppose the paper will become valuable again once the underlying asset rises from the dead...getting the asset to appreciate has to be the next trick in the book and I cannot wait to see how that can happen without inflation raising its ugly head...getting M1 to start moving up so we can get the assets to start moving up is going to take a lot of creative effort and just how to get M1 moving again is another game.....Marvin the Maven Reply