Sep 26 2008
Damage done without any shorts at work
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.
More on this topic
(What's this?)
Pros & Cons Of Online Banking
(Green World Investor, 5/8/12)
Dear Bankers: Why We Must Choose Beauty & Life Over Misery & Destruction
(the Underground Investor, 4/5/12)
Friday Charts: Bank Failures, Facebook and the Scariest Jobs Chart Ever
(Wall Street Daily, 5/11/12)
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