Comments on: Bear raids appear to be back http://www.dinocrat.com/archives/2007/11/10/bear-raids-appear-to-be-back/ Fri, 09 Jan 2009 21:57:54 +0000 http://wordpress.org/?v=2.6.3 By: staghounds http://www.dinocrat.com/archives/2007/11/10/bear-raids-appear-to-be-back/#comment-302117 staghounds Mon, 12 Nov 2007 01:45:22 +0000 http://www.dinocrat.com/archives/2007/11/10/bear-raids-appear-to-be-back/#comment-302117 “There is absolutely no substance to those rumors” sometimes means "things are even worse". It ALWAYS means "Damn, shut up, I haven't sold my stock yet!" “There is absolutely no substance to those rumors” sometimes means “things are even worse”.

It ALWAYS means “Damn, shut up, I haven’t sold my stock yet!”

]]> By: gs http://www.dinocrat.com/archives/2007/11/10/bear-raids-appear-to-be-back/#comment-302112 gs Sun, 11 Nov 2007 04:40:34 +0000 http://www.dinocrat.com/archives/2007/11/10/bear-raids-appear-to-be-back/#comment-302112 Maybe <a href="http://money.cnn.com/2007/11/08/news/companies/citigroup_alwaleed.fortune/index.htm" rel="nofollow">this guy</a> agrees with you:<blockquote>Q: Do you think Citi is undervalued now? Are you going to buy more of it? A: Look, frankly speaking, Citibank at this price is ridiculous. Citibank does not deserve that. Citibank deserves a lot better.</blockquote>Or maybe not. Iirc the SEC prefaced the rule change with a crackdown on naked shorting, i.e. shorting a stock which one has not borrowed. Iirc an SEC motivation was to treat buyers and sellers evenhandedly. Conceivably it would also be evenhanded to restore the uptick rule <b>and</b> disallow leveraged purchases except after a downtick. I dunno. The <a href="http://www.nyse.com/press/circuit_breakers.html" rel="nofollow">NYSE</a> and <a href="http://www.nasdaqtrader.com/trader/help/circuitbreaker.stm" rel="nofollow">Nasdaq</a> have circuit breakers: trading will be paused or halted if the market drops too much too fast. Maybe this guy agrees with you:
Q: Do you think Citi is undervalued now? Are you going to buy more of it?

A: Look, frankly speaking, Citibank at this price is ridiculous. Citibank does not deserve that. Citibank deserves a lot better.

Or maybe not.

Iirc the SEC prefaced the rule change with a crackdown on naked shorting, i.e. shorting a stock which one has not borrowed. Iirc an SEC motivation was to treat buyers and sellers evenhandedly. Conceivably it would also be evenhanded to restore the uptick rule and disallow leveraged purchases except after a downtick. I dunno.

The NYSE and Nasdaq have circuit breakers: trading will be paused or halted if the market drops too much too fast.

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