JJTERRITO

Cleveland Cliffs vs. Harbinger: Will the Hedgies Win?

The current situation fully reflects the ongoing problem facing management ,stockholders and the regulatory bodies.Hedge Funds have one objective,maximize profits.In my opinion they have advantages which the average investor does not possess-huge amounts of capital-which can be used to achieve their objectives.Naked short selling is just one of the tools in their arsenal,they also trade on multiple markets for opacity.Hedge Funds should be subjected to the same rules as retail customers and be required to trade strictly during trading hours of the U.S.markets.In addition,if their holdings exceed 9% a notice of their intentions should be made public prior to execution.