Sep 26 2008
Damage done without any shorts at work
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For those who might be thinking that without the shorting stocks are going to be less open to major rapid declines, I present today’s chart for National City (NCC). Rumors that the FDIC was going to seize the bank knocked it down about 50% today, and of course NCC is on the no-short list, so it can’t have been short sellers in the stock doing the damage.
It’s going to be interesting to see what the after the fact research by the academic sorts has to say about the impact of the no-short rule in regards to volume and volatility.
Here are some other posts which might interest you:
- I’m Not the Only One Looking at Volatility
- NVR: Reason to be VERY Bearish
- Today’s Trading Look-Back - May 12, 2008
- LPHI: Life Partners Could See 55 and Up
- ESEA: Getting Some Support for My View
