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| User Info | Beware A Monster Short Squeeze in forum [Ticker] | |||
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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/869-Be....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-16 13:35:51
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1011101 Posts: 936 Incept: 2007-10-05 
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weren't physical certs supposed to get banned at some point?
2009-03-16 13:38:45
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Doesn't matter 101; you can demand your shares be placed in a cash (or custodial) account where they cannot be hypothecated.
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-16 13:39:34
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1011101 Posts: 936 Incept: 2007-10-05
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got it, thanks
2009-03-16 13:40:28
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Macfly Posts: 881 Incept: 2007-10-05
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Interesting. Santelli basically just mentioned this as a possible reason we are seeing the financials up today....he asked Grasso about it and with a smirk at the end said "very interesting..."
---------- Mishkin: Do not look into the bag... When you realize what's in the bag, you will realize the dollar is toast. Do not audit the Fed and force us to show what's in the bag. Be warned. Some secrets are best kept in the closet. Joe Q Public: Mishkin, STFU. Truth wins out eventually. -stuart on ZH
2009-03-16 13:41:17
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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You will see the XLF at 14 if that turns out to be real. Consider the firms where the government has an effective majority interest. You pull all those short shares supply and the forced buy-ins will be insane. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-03-16 13:42:29
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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i see the runnup in the weak stocks as proof the gov't is too chicken **** to do anything about AIG. BK solves this bonus problem. that option is not on the table, despite "all options" being discussed. I have to assume they could BK and fire everyone involved, but what the hell do I know. ---------- It'll get worse. Just wait.
2009-03-16 13:47:30
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Sammieboy Posts: 161 Incept: 2008-02-27 
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KD, if the rumor is true then all these financials will be shorted? Sorry for a dumb question but just trying to understand.
2009-03-16 13:50:02
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1011101 Posts: 936 Incept: 2007-10-05
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will this just have the same effect that the banning of shorting financials did last fall?
2009-03-16 13:51:54
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Squeak Posts: 301 Incept: 2008-03-15
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Did the ban last fall force you to buy back in if you were already short before the order?
2009-03-16 13:53:15
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Mtgspy Posts: 6122 Incept: 2007-10-27
Online
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Let the panic begin... bb-bbb-bbooyah. Behind every Chuck Norris kick is another financial share. LOL. ---------- It sounds antiquated, merchantilistic - until you figured out that I was hoarding for war.
2009-03-16 13:53:52
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Otiswild Posts: 1341 Incept: 2009-03-09
Teegeeack
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Hot dang those C lotto tix are looking better and better... apr 09 @ 3 and 5... Even some AIG @ 3 today... ---------- It appears that the yard wolves has grown up. Are we finally finished with the colds dead winters?
2009-03-16 13:54:21
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Keewaydin Posts: 1547 Incept: 2007-08-22
Just a fleshwound!
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Quote:KD, if the rumor is true then all these financials will be shorted? Sorry for a dumb question but just trying to understand. They all are heavily shorted. If the gov demands its shares, those that have borrowed shares to short will have to cover, causing prices to go up.
2009-03-16 13:56:27
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Fyoupaulson Posts: 19 Incept: 2008-12-30
Chicago, IL
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April XLF $11 calls are dirt cheap too. Trading at $0.17. I figure I'll buy a few just in case.
---------- An old Russian proverb, "Dwell on the past, and you will lose an eye. Ignore the past, and you will lose both of them."
2009-03-16 13:57:38
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Aliveh Posts: 2610 Incept: 2008-01-18
Los Angeles
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I'm going to fall back on my rule of thumb: rumor = 90% chance not true.
2009-03-16 13:59:01
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1011101 Posts: 936 Incept: 2007-10-05
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yeah, those lotto calls look good, i'll pick some up soon.
2009-03-16 13:59:32
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Berkleyreindeer Posts: 560 Incept: 2008-07-22 Minneapolis , MN
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keewaydin: almost anyone who is short shares is borrowing currently uncertificated / unhypothecated shares that are held in cash accounts. if the gov't certificates or forces them into a nonlendable account, the available supply of shares to short would quickly shrink. the question then becomes how many shares are short that would have to be covered. I have no idea, but I think FRE and FMN the gov't bought preferred shares each time, which aren't traded. private issue. aig on the other hand could be big time affected if gov't either demands shares be segregated or forces BK to stop these ridiculous payments. if gov't is smart, it is making aig sell fresh shares into the rally...but we know that isn't happening. ---------- It'll get worse. Just wait.
2009-03-16 14:04:29
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Maddymax Posts: 1790 Incept: 2008-02-26
not sure anymore
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i disagree maybe our govt should not buy **** in that case why allow somebody short tresuries
---------- All Incumbents must go
2009-03-16 14:06:50
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Nawtybits Posts: 66 Incept: 2008-10-03 Wisconsin
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Color me confused. I thought with "naked shorting" an "infinite" number of shares were available for shorting. If the .gov removes it's shares, are there not still an infinite number for naked shorting?
2009-03-16 14:15:02
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Alanha Posts: 2087 Incept: 2008-12-30
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The behavior of any bureaucratic organization can best be understood by assuming that it is controlled by a secret cabal of its enemies. - Conquest's 3rd Law
2009-03-16 14:15:34
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Blackswan Posts: 3602 Incept: 2007-11-06
Ponzi Roller Coaster
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Dam I sold my SKF puts way too soon. I am such a chicken ****. Five baggers and probably much more if this keeps up. ----------
2009-03-16 14:15:58
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Mckinnemon Posts: 25 Incept: 2007-12-06
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"There is absolutely no reason for the government to permit the shares it holds to be borrowed for the purpose of short sales." Don't you get paid to lend shares? If share price rises doesn't that mean you make interest gains and capital gains?
2009-03-16 14:16:24
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1011101 Posts: 936 Incept: 2007-10-05
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don't worry blackswan, just load up on FAS puts in a few weeks.
2009-03-16 14:16:56
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Raingod Posts: 1067 Incept: 2008-08-29
Tastes Like Chicken
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Karl, I don't understand why you're in favor of this (even demanding Obama's impeachment if he doesn't do it! :-). All it does is screw people who took out legitimate short positions. It's no different from Bernanke and Paulson screwing the shorts through their rate cuts back when CFC and BAC hit, which you opposed strenuously. Are you just talking your book since you bought some C "lottos"? ---------- I have even intermittenter access than I did over the summer. No idea when I can check in.
2009-03-16 14:19:21
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Wisc-xc Posts: 4828 Incept: 2007-07-14
outside chicago
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Why not just delist said companies?
2009-03-16 14:22:47
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