turkeyeyes's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/243313/comments http://seekingalpha.com/article/99647-combating-cascading-short-spirals?source=feed#comment-281127 281127 Such a mechanism allows a stock to be shorted down as much as 20% on a given day before a 3-day trading hiatus kicks in.
Shorts can gouge out up to 20% before the circuit breaker kicks in. Why should this be permissible? Over 5 trading days of continuous assault, a stock could be decimated.
If the stock is only shorted down to 19% on a given day, no 'circuit-breaker' activates.
This is not acceptable.
The SEC must ban shorts now in line with major European partners.
It's time for longterm investors to have their investments protected and for companies to be valued for their fundamentals, not devalued via lies and innuendo. ]]> Mon, 13 Oct 2008 08:21:30 -0400 Such a mechanism allows a stock to be shorted down as much as 20% on a given day before a 3-day trading hiatus kicks in.
Shorts can gouge out up to 20% before the circuit breaker kicks in. Why should this be permissible? Over 5 trading days of continuous assault, a stock could be decimated.
If the stock is only shorted down to 19% on a given day, no 'circuit-breaker' activates.
This is not acceptable.
The SEC must ban shorts now in line with major European partners.
It's time for longterm investors to have their investments protected and for companies to be valued for their fundamentals, not devalued via lies and innuendo. ]]> http://seekingalpha.com/article/99622-can-the-banking-system-handle-huge-new-write-downs?source=feed#comment-281104 281104 Most folks knew full well what they were getting into and welcomed the chance to get a mortgage.]]> Mon, 13 Oct 2008 07:19:37 -0400 Most folks knew full well what they were getting into and welcomed the chance to get a mortgage.]]> http://seekingalpha.com/article/99647-combating-cascading-short-spirals?source=feed#comment-281093 281093 Cox, get some balls and ban them, just like the UK and many other countries did.]]> Mon, 13 Oct 2008 06:35:38 -0400 Cox, get some balls and ban them, just like the UK and many other countries did.]]> http://seekingalpha.com/article/99575-paulson-in-a-state-of-panic?source=feed#comment-280781 280781 They destroy companies and the economy.
]]> Sun, 12 Oct 2008 17:36:30 -0400 They destroy companies and the economy.
]]> http://seekingalpha.com/article/99410-apple-s-iphones-10-million-and-counting?source=feed#comment-279233 279233 Fri, 10 Oct 2008 14:51:29 -0400 http://seekingalpha.com/article/99291-what-just-happened?source=feed#comment-278780 278780
By the time you realize you were wrong about the shorts it will be too late and more businesses will have needlessly failed....]]> Fri, 10 Oct 2008 09:30:02 -0400
By the time you realize you were wrong about the shorts it will be too late and more businesses will have needlessly failed....]]> http://seekingalpha.com/article/99146-the-last-days-of-morgan-stanley?source=feed#comment-277911 277911 Thu, 09 Oct 2008 13:56:27 -0400 http://seekingalpha.com/article/99146-the-last-days-of-morgan-stanley?source=feed#comment-277867 277867 Thu, 09 Oct 2008 13:13:12 -0400 http://seekingalpha.com/article/98993-awaiting-apple-earnings-and-guidance?source=feed#comment-276578 276578 What is this a friggin' parallel reality, here?

Time to stop these ridiculous guessing games, now!

Shoot the analysts, hedgefunds, shorts, and, let's not forget, the good-for-nothing SEC.

You going to punish Apple, as the messenger?]]> Wed, 08 Oct 2008 07:29:45 -0400 What is this a friggin' parallel reality, here?

Time to stop these ridiculous guessing games, now!

Shoot the analysts, hedgefunds, shorts, and, let's not forget, the good-for-nothing SEC.

You going to punish Apple, as the messenger?]]> http://seekingalpha.com/article/98804-latest-on-hedge-funds-banks-and-bailouts-housing-tracker?source=feed#comment-275548 275548 Tue, 07 Oct 2008 08:49:01 -0400 http://seekingalpha.com/article/98533-fannie-and-freddie-did-not-cause-this-crisis?source=feed#comment-274238 274238
It's a classic. Can't you people see?]]> Sun, 05 Oct 2008 18:47:00 -0400
It's a classic. Can't you people see?]]> http://seekingalpha.com/article/98533-fannie-and-freddie-did-not-cause-this-crisis?source=feed#comment-274237 274237 Sun, 05 Oct 2008 18:45:52 -0400 http://seekingalpha.com/article/98533-fannie-and-freddie-did-not-cause-this-crisis?source=feed#comment-273965 273965
www.deepcapture.com/th.../
]]> Sun, 05 Oct 2008 11:35:56 -0400
www.deepcapture.com/th.../
]]> http://seekingalpha.com/article/98383-mbia-sues-countrywide-part-of-the-solution-to-clean-up-the-lies?source=feed#comment-273771 273771
apppro is right.]]> Sun, 05 Oct 2008 07:39:16 -0400
apppro is right.]]> http://seekingalpha.com/article/98447-steve-jobs-fake-heart-attack-courtesy-of-cnn?source=feed#comment-272973 272973
And Erick, you are a twit. Jobs' health appears fine.]]> Fri, 03 Oct 2008 15:48:11 -0400
And Erick, you are a twit. Jobs' health appears fine.]]> http://seekingalpha.com/article/98375-apple-though-tempted-i-wouldn-t-bite-just-yet?source=feed#comment-272547 272547 Fri, 03 Oct 2008 09:58:33 -0400 http://seekingalpha.com/article/98406-so-the-perpetrators-are-now-our-saviors?source=feed#comment-272501 272501
See this article:

www.efinancialnews.com...]]> Fri, 03 Oct 2008 09:15:46 -0400
See this article:

www.efinancialnews.com...]]> http://seekingalpha.com/article/98406-so-the-perpetrators-are-now-our-saviors?source=feed#comment-272469 272469
That is a hell of a lot different from saying they have NO value as is alleged by the shorts who basically caused a run on the banks.

Hence, WB is fetching a fine price today and the shares are jumping.

Now it's time to look at FNM and FRE with a fresh eye.

Remember, most of their mortgages were originated WAY before this valuation issue was trumpeted by the buglers of doom.]]> Fri, 03 Oct 2008 08:47:13 -0400
That is a hell of a lot different from saying they have NO value as is alleged by the shorts who basically caused a run on the banks.

Hence, WB is fetching a fine price today and the shares are jumping.

Now it's time to look at FNM and FRE with a fresh eye.

Remember, most of their mortgages were originated WAY before this valuation issue was trumpeted by the buglers of doom.]]> http://seekingalpha.com/article/98375-apple-though-tempted-i-wouldn-t-bite-just-yet?source=feed#comment-272438 272438
A shame.]]> Fri, 03 Oct 2008 08:24:46 -0400
A shame.]]> http://seekingalpha.com/article/98178-fear-and-greed-premise-for-capitulation-and-overreaction?source=feed#comment-272186 272186 news.yahoo.com/s/nm/20...]]> Thu, 02 Oct 2008 19:11:13 -0400 news.yahoo.com/s/nm/20...]]> http://seekingalpha.com/article/98178-fear-and-greed-premise-for-capitulation-and-overreaction?source=feed#comment-271839 271839
Anyone? ]]> Thu, 02 Oct 2008 13:59:10 -0400
Anyone? ]]> http://seekingalpha.com/article/98178-fear-and-greed-premise-for-capitulation-and-overreaction?source=feed#comment-271753 271753
Both types of shorts are pernicious and create very negative financial 'karma' in the market and must be tightly regulated, if not outlawed, to create a positive, and growing, market.

Enough of these negative types spreading rumors and hoping that particular stocks, and possibly the country, fail just to maximize their short returns.

Yeah, I pissed off about what they've done.]]> Thu, 02 Oct 2008 13:05:57 -0400
Both types of shorts are pernicious and create very negative financial 'karma' in the market and must be tightly regulated, if not outlawed, to create a positive, and growing, market.

Enough of these negative types spreading rumors and hoping that particular stocks, and possibly the country, fail just to maximize their short returns.

Yeah, I pissed off about what they've done.]]> http://seekingalpha.com/article/98178-fear-and-greed-premise-for-capitulation-and-overreaction?source=feed#comment-271743 271743
I encourage interested investors to contact their representatives and the SEC regarding continuing a short selling ban.

Further, the SEC should publish shortsellers short lists under the freedom of information act and put a robust uptick law in place, now.]]> Thu, 02 Oct 2008 12:57:01 -0400
I encourage interested investors to contact their representatives and the SEC regarding continuing a short selling ban.

Further, the SEC should publish shortsellers short lists under the freedom of information act and put a robust uptick law in place, now.]]> http://seekingalpha.com/article/98270-how-much-are-fannie-and-freddie-to-blame?source=feed#comment-271638 271638
Let's not forget his bonus.

Couldn't that have been a tiny factor in all this?

Hopefully, the FBI can get some of that money in a nice clawback of sorts.]]> Thu, 02 Oct 2008 11:54:34 -0400
Let's not forget his bonus.

Couldn't that have been a tiny factor in all this?

Hopefully, the FBI can get some of that money in a nice clawback of sorts.]]> http://seekingalpha.com/article/98178-fear-and-greed-premise-for-capitulation-and-overreaction?source=feed#comment-271620 271620
FACTBOX-Short-selling bans in various countries
Tue Sep 23, 2008 4:53pm BST

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Sept 23 (Reuters) - Stock market regulators around the world have introduced curbs on short-selling, especially in financial stocks. Short-sellers are investors who borrow shares and sell them on in the hope of buying them back at a lower price to make a profit. Those who do not borrow the securities in advance of the sale are "naked" short sellers.

Following is a glimpse into actions taken by some countries around the globe to curb short-selling:

* AUSTRIA:

-- There is no provision in Austrian law to ban shortselling. Regulator FMA has tried to curtail shortselling instead by declaring that shortselling beyond a certain volume is deemed probable cause for market manipulation or insider trading. It has reminded participants of their duty to report to the FMA if they suspect others to hold short positions exceeding 0.25 percent of an issuer's share capital. This would then trigger further investigation.

* AUSTRALIA:

-- The Australian Securities and Investments Commission banned short-selling on Monday for at least one month to help stop the share market plunging. However it eased its blanket ban on Tuesday to allow investors trading the difference between share prices on dual-listed stocks to make covered short sales.

* BRITAIN:

-- On Sept. 18, the Financial Services Authority banned investors from shorting the shares of 29 financial companies, including the UK's biggest banks and insurers. The next day four more companies were added to the list. The ban will remain in force until Jan. 16, 2009. * CANADA:

-- The Ontario Securities Commission, Canada's largest provincial securities watchdog, announced a temporary ban on short-selling in certain financial stocks on Sept. 19.

* GERMANY:

-- Finance ministry and financial watchdog BaFin banned on Sept. 19 short-selling of shares in 11 of its financial services until the end of the year.

* GREECE:

-- The stock exchange will flag short sales from Sept. 24 to Dec. 31. The regulator will publish a daily account of all short sales that took place during the trading day and the number of shares by company that were purchased by borrowing.

* ITALY:

-- Stock market regulator Consob banned short selling of bank and insurance stocks on Sept. 22 until the end of the month.

* LUXEMBOURG:

-- Luxembourg's financial regulator CSSF banned naked short sales on Sept. 19, with immediate effect.

* NETHERLANDS:

-- Dutch market regulator AFM on Monday released the names of eight financial institutions covered by a three-month ban on "naked" short selling of their shares.

* PAKISTAN:

-- Short selling in the ready and futures market of the Karachi Stock Exchange will be prohibited for a month starting from Sept. 24 when trading in the October contract begins.

* PORTUGAL:

-- Portugal's CMVM market regulator prohibited short-selling of financial stocks on Sept. 22. The ban applies to eight banks listed on Euronext Lisbon.

* SINGAPORE:

-- Singapore Exchange said late on Monday that it would tighten rules to discourage "naked" short-selling. Traders who cannot deliver shares they sold will now face a penalty of 5 percent of the value of the failed trade subject to a minimum of S$1,000 ($710).

* TAIWAN:

-- Taiwan's Financial Supervisory Commission said on Sept. 21 it was reimposing a ban on short-selling shares in 150 companies below their closing prices in the previous session. Investors cannot short stock in 150 companies in the Taiwan 50 Index, the Taiwan Mid-Cap 100 Index and the Taiwan Information Index from Sept. 22 to Oct. 3.

* USA:

-- The U.S. Securities and Exchange Commission has temporarily banned short selling in the stocks of 799 financial companies. The ban will stay in force until Oct 2. (Writing by Jijo Jacob. Editing by David Cutler and Andy Bruce)
]]> Thu, 02 Oct 2008 11:45:55 -0400
FACTBOX-Short-selling bans in various countries
Tue Sep 23, 2008 4:53pm BST

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Share
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[-] Text [+]

Sept 23 (Reuters) - Stock market regulators around the world have introduced curbs on short-selling, especially in financial stocks. Short-sellers are investors who borrow shares and sell them on in the hope of buying them back at a lower price to make a profit. Those who do not borrow the securities in advance of the sale are "naked" short sellers.

Following is a glimpse into actions taken by some countries around the globe to curb short-selling:

* AUSTRIA:

-- There is no provision in Austrian law to ban shortselling. Regulator FMA has tried to curtail shortselling instead by declaring that shortselling beyond a certain volume is deemed probable cause for market manipulation or insider trading. It has reminded participants of their duty to report to the FMA if they suspect others to hold short positions exceeding 0.25 percent of an issuer's share capital. This would then trigger further investigation.

* AUSTRALIA:

-- The Australian Securities and Investments Commission banned short-selling on Monday for at least one month to help stop the share market plunging. However it eased its blanket ban on Tuesday to allow investors trading the difference between share prices on dual-listed stocks to make covered short sales.

* BRITAIN:

-- On Sept. 18, the Financial Services Authority banned investors from shorting the shares of 29 financial companies, including the UK's biggest banks and insurers. The next day four more companies were added to the list. The ban will remain in force until Jan. 16, 2009. * CANADA:

-- The Ontario Securities Commission, Canada's largest provincial securities watchdog, announced a temporary ban on short-selling in certain financial stocks on Sept. 19.

* GERMANY:

-- Finance ministry and financial watchdog BaFin banned on Sept. 19 short-selling of shares in 11 of its financial services until the end of the year.

* GREECE:

-- The stock exchange will flag short sales from Sept. 24 to Dec. 31. The regulator will publish a daily account of all short sales that took place during the trading day and the number of shares by company that were purchased by borrowing.

* ITALY:

-- Stock market regulator Consob banned short selling of bank and insurance stocks on Sept. 22 until the end of the month.

* LUXEMBOURG:

-- Luxembourg's financial regulator CSSF banned naked short sales on Sept. 19, with immediate effect.

* NETHERLANDS:

-- Dutch market regulator AFM on Monday released the names of eight financial institutions covered by a three-month ban on "naked" short selling of their shares.

* PAKISTAN:

-- Short selling in the ready and futures market of the Karachi Stock Exchange will be prohibited for a month starting from Sept. 24 when trading in the October contract begins.

* PORTUGAL:

-- Portugal's CMVM market regulator prohibited short-selling of financial stocks on Sept. 22. The ban applies to eight banks listed on Euronext Lisbon.

* SINGAPORE:

-- Singapore Exchange said late on Monday that it would tighten rules to discourage "naked" short-selling. Traders who cannot deliver shares they sold will now face a penalty of 5 percent of the value of the failed trade subject to a minimum of S$1,000 ($710).

* TAIWAN:

-- Taiwan's Financial Supervisory Commission said on Sept. 21 it was reimposing a ban on short-selling shares in 150 companies below their closing prices in the previous session. Investors cannot short stock in 150 companies in the Taiwan 50 Index, the Taiwan Mid-Cap 100 Index and the Taiwan Information Index from Sept. 22 to Oct. 3.

* USA:

-- The U.S. Securities and Exchange Commission has temporarily banned short selling in the stocks of 799 financial companies. The ban will stay in force until Oct 2. (Writing by Jijo Jacob. Editing by David Cutler and Andy Bruce)
]]> http://seekingalpha.com/article/98178-fear-and-greed-premise-for-capitulation-and-overreaction?source=feed#comment-271560 271560
Don't tell me that shorts make any positive contribution. If they are so beneficial to markets, why are they now banned in over 20 countries?

Try again. maybe someone will believe you.]]> Thu, 02 Oct 2008 11:18:28 -0400
Don't tell me that shorts make any positive contribution. If they are so beneficial to markets, why are they now banned in over 20 countries?

Try again. maybe someone will believe you.]]> http://seekingalpha.com/article/98224-what-happened-to-the-fed-s-1-816-trillion-lifeline?source=feed#comment-271419 271419 Thu, 02 Oct 2008 09:26:16 -0400 http://seekingalpha.com/article/98224-what-happened-to-the-fed-s-1-816-trillion-lifeline?source=feed#comment-271413 271413
This is totally disingenuous:

"...Notice that the ban on short selling didn't stop WaMu and Wachovia from falling 95% after the ban was put in place...."

Don't insult our intelligence. It's obvious the shorts destroyed, perhaps irreparably, confidence in the market.

By the time the ban went in effect, the blood had been drained from these entities.

The SEC needs a robust uptick rule that can't be thwarted by computer trading, and it needs to banish shorts, or at least curtail them severely. ]]> Thu, 02 Oct 2008 09:23:29 -0400
This is totally disingenuous:

"...Notice that the ban on short selling didn't stop WaMu and Wachovia from falling 95% after the ban was put in place...."

Don't insult our intelligence. It's obvious the shorts destroyed, perhaps irreparably, confidence in the market.

By the time the ban went in effect, the blood had been drained from these entities.

The SEC needs a robust uptick rule that can't be thwarted by computer trading, and it needs to banish shorts, or at least curtail them severely. ]]> http://seekingalpha.com/article/98181-five-reasons-rimm-will-continue-to-fall?source=feed#comment-271264 271264
Well, the chickens have come home to roost, haven't they?]]> Thu, 02 Oct 2008 05:37:16 -0400
Well, the chickens have come home to roost, haven't they?]]> http://seekingalpha.com/article/98178-fear-and-greed-premise-for-capitulation-and-overreaction?source=feed#comment-271262 271262
Rapacious shortselling hedgefunds nearly ruined the economy based on lies and innuendo.]]> Thu, 02 Oct 2008 05:33:19 -0400
Rapacious shortselling hedgefunds nearly ruined the economy based on lies and innuendo.]]>