Tuesday, November 24, 2009

Short sellers are returning

Excerpt: Short interest on the New York Stock Exchange and Nasdaq edged
higher in early November, data from the exchanges showed on Tuesday,
signaling that some investors are betting the equity run-up might hit some
turbulence as 2009 winds down.

Voltron says: Fortunately, I got out of all my short positions in March
(http://cfcsux.blogspot.com/2009/03/im-out-of-srs.html). I started
re-shorting Wells Fargo at an average price of $20. (It's $27 now . . .
Ouch) If you're looking for something to short . . . I recommend Wells
Fargo. They are bankrupt 3-4 times over by my estimate.


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