Opko Health Inc (OPK)

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Art Cashin, Nasdaq, shortAnalytics.com, Squawk on the Street
Categories : CNBC

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Cashin said: It's time to shed short positions

* It's time to shed short positions: Art Cashin Video Link ( http://www.cnbc.com/id/101957818 )

Drew Sandholm | @drewsandholm
Friday, 29 Aug 2014 | 10:37 AM ET

Investors should consider closing any short positions ahead of the Labor Day holiday weekend, veteran trader Art Cashin told CNBC on Friday.

"If you're short, your potential loss can be infinite and so if prosperity or good news broke out over the weekend you might have something move far beyond what you were prepared for," Cashin said on "Squawk on the Street." "That is why the 70 percent bias to the upside before a three-day weekend."

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Arthur D. Cashin, Jr. is a Managing Director of UBS Financial Services Inc. He is the Director of Floor Operations for UBS Financial Services at the New York
Stock Exchange.

Art began his business career at Thomson McKinnon in 1959. In 1964, at age 23, he became a Member of the NYSE and a partner of P.R. Herzig & Co. In 1980, he joined PaineWebber and managed their floor operation.

At UBS Financial Services, in addition to his role as broker, he writes a morning outlook and provides live commentary throughout the day to the firm’s offices. He is also featured regularly on CNBC and MSNBC.

Art is involved in a variety of charitable activities at the NYSE. He chairs the NYSE “Fallen Heroes Fund” which assists the families of NYC Police and Firemen killed in the line of duty. After the tragedy of 9/11, the Fallen Heroes Fund provided over $6 million in assistance.

At the NYSE, Art has served as a Governor, Member of the Market Performance Committee and on virtually every committee at the NYSE. He is currently one of six Executive Floor Governors, the highest level at the NYSE. Art is a member of the Bond Club of New York as well as Mensa and the Knights of Malta.

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* Opko Health Inc Short Interest ( http://www.nasdaq.com/symbol/opk/short-interest )
* OPKO Interactive Chart Analytics ( http://shortanalytics.com/getshortchart.php?tsymbol=opk )  

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shortAnalytics.com ( http://shortanalytics.com/getshortchart.php?tsymbol=opk )

shortanalytics ( http://shortanalytics.com/index.html ) is a free service website. The website was developed to provide traders and investors with useful information on short volume trends in relation to price movement and volume analytics. We incorporate short data published by exchanges into our powerful proprietary analytic engines to produce interactive charts and reports.