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Regarding the market here in the US, our friends at TrimTabs remind us that much of the recent strength has been nothing more than short covering as the most recent data from the NYSE shows. The stock exchange reported that its short interest fell 3.4% in late September to the lowest level since the end of 2007… and as everyone should remember, that was the market’s high. Simply put the un-hedged shorts have been “run in” and as they’ve been run in they’ve taken share prices higher against themselves. Such is the hard… and all too often, brief… life of the naked short seller:
Regarding the market here in the US, our friends at
TrimTabs remind us that much of the recent strength
has been nothing more than short covering as the most
recent data from the NYSE shows. The stock
exchange reported that its short interest fell 3.4% in
late September to the lowest level since the end of
2007… and as everyone should remember, that was
the market’s high. Simply put the un-hedged shorts
have been “run in” and as they’ve been run in they’ve
taken share prices higher against themselves. Such is
the hard… and all too often, brief… life of the naked
short seller:
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short selling victims
Posted by ucbarryk on 14th of Oct 2009 at 08:28 pm
Regarding the market here in the US, our friends at
TrimTabs remind us that much of the recent strength
has been nothing more than short covering as the most
recent data from the NYSE shows. The stock
exchange reported that its short interest fell 3.4% in
late September to the lowest level since the end of
2007… and as everyone should remember, that was
the market’s high. Simply put the un-hedged shorts
have been “run in” and as they’ve been run in they’ve
taken share prices higher against themselves. Such is
the hard… and all too often, brief… life of the naked
short seller: