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Biggest changes in Nasdaq short interest
Tue Mar 24, 2009 4:34pm EDT
NEW YORK, March 24 (Reuters) - Short interest on the Nasdaq rose 4.4percent percent in mid-March, the exchange said on Tuesday, suggesting anincrease in bearish sentiment in the stock market. Below are the five Nasdaq stocks that experienced the largest increases and decreases in their short positions from late February to mid-March, according to information released by the exchange. The five companies with the largest overall short positions are also listed. The latest date is as of March 13, while the previous period's data is as
of Feb. 27.
COMPANY MARCH 13 FEB 27 NET CHANGE PCT CHANGE
-----------------------------------------------------------------------------
FIVE BIGGEST INCREASES:
Microsoft Corp (MSFT.O) 101,353,574 87,013,470 14,340,104 16.5
Dell Inc (DELL.O) 44,490,067 31,697,021 12,793,046 40.4
Applied Materials (AMAT.O) 50,578,707 38,104,198 12,474,509 32.7
Cisco Systems (CSCO.O) 68,721,739 56,530,581 12,191,158 21.6
The DIRECTV Group (DTV.O) 30,803,332 22,141,332 8,662,000 39.1
FIVE BIGGEST DECREASES:
Sirius XM Radio (SIRI.O) 161,851,340 170,953,171 -9,101,831 -5.3
American Capital (ACAS.O) 28,408,343 35,598,504 -7,190,161 -20.2
Huntington (HBAN.O) 44,474,228 50,387,202 -5,912,974 -11.7
Sun Microsystems (JAVA.O) 38,197,279 43,897,876 -5,700,597 -13.0
The Wet Seal (WTSLA.O) 7,096,637 11,779,621 -4,682,984 -39.8
FIVE BIGGEST POSITIONS:
Sirius XM Radio (SIRI.O) 161,851,340 170,953,171 -9,101,831 -5.3
Level 3 Comm (LVLT.O) 143,078,217 142,304,490 773,727 0.5
Microsoft Corp (MSFT.O) 101,353,574 87,013,470 14,340,104 16.5
Intel Corp (INTC.O) 98,819,666 93,832,785 4,986,881 5.3
E*TRADE Financial (ETFC.O) 72,711,601 73,758,916 -1,047,315 -1.4
Source: Nasdaq data as of March 13, Reuters Estimates
(Reporting by Emily Chasan; editing by Richard Chang)
Shorts still seem to have the advantage... It takes the government months to vote on the uptick rule and only days to go after AIG bonuses. What a joke. Maybe by the 8th they can get their sh"t together..
2.49
Have to agree people r buying at the bid but the .0002 trade was a dollars worth.. I could be wrong but .0003 is the bottom for now.
You guys need to pull it together. Longs arguing with each other over value, buyout price, etc. We have enough bashers and doubters on this board. The truth is no one knows what its worth and if Jared even will sell. At the moment the MM's and possibly someone with a bunch of shares selling is causing too much negativity between some. All you can do is have faith in your DD and wait and see how this unfolds. eom
No problem. I cant wait to post level II when the decimal point moves to the right.
NO. But MM's can trade between them and if you have a friend thats connected with a MM you can get in early.
Pre market- .0235
Wayne you have no need to justify ur flipping or how much money you make. Every dollar counts.
Take care of urself and goodluck..
I agree. I am in no hurry to sell, I am here for the outcome.. Point is that the crap that they report most of the time isnt even worthy of news.
GLTA
CNBC I have a new episode for AMERICAN GREED..
What type of run r u thinking for ABTL?
I have CNBC on every day.. Today no mention of the suit against the FDIC. BUT 50 times they mention Dubai suing MGM.
Most r trying to sweep the news under the rug..
Problem is he is a big supporter of Sheila Bair and owns JPM for his trust..
All good next week uptick and M2M vote..
Bid is Building... Looks like we might actually open around 7 cents. IMO
Its a separate software. IHUB is the cheapest I think 29.99. Equityfeed is 3x that.
Pretty much but the second page tells you what they r voting on. Board members, etc..
I was just curious I hardly ever check my mail. Any thoughts?
Just curious did anyone else get anything in the mail about a proxy vote??
Tomorrow should start a good run into April. IMO..
GLTA
No Problem. But the thanks goes to Diamond, Jackson, Zardiw, Was, Vegas and a few others. While most posters sold, flipped and/or disappeared, those few never gave up hope and kept the board positive. They even kept me from leaving the ship plenty of times. All I can say it is well deserved positive momentum changer. Victory will be ours...GLTA
I am happy for us and especially u. Maybe now ur wife wont kill u..
Sources say toxic asset plan near completion
WASHINGTON – Treasury Secretary Timothy Geithner could announce as soon as Monday his much-anticipated plan to get toxic assets off the books of the country's struggling banks, administration and industry officials said.
The plan will use the Federal Reserve and the Federal Deposit Insurance Corp. to make the resources of the government's $700 billion financial rescue fund go further, the officials said Friday.
Geithner is being forced to tap the Fed and the FDIC for support because the prospects for getting additional money from Congress for the bailout effort have dimmed significantly given the recent uproar over millions of dollars in bonuses provided to troubled insurance giant American International Group Inc., the largest recipient of government support.
The officials, who spoke on condition of anonymity because they were not authorized to speak publicly about Geithner's plan, said it will have three major parts.
One program will use the bailout fund to create a public-private partnership to back purchases of bad assets by private investors.
A second portion of the plan will expand a recently launched program being run by the Federal Reserve called the Term Asset-Backed Securities Loan Facility, or TALF. That program is providing loans for investors to buy assets backed by consumer debt in an effort to make it easier for consumers to get auto, student and credit card loans. Under Geithner's proposal, this program would be expanded to support investors' purchases of banks' toxic assets.
The third part of the Geithner plan would utilize the resources of the FDIC, the agency that guarantees bank deposits, to purchase toxic assets.
When Geithner announced the administration's overhaul of the financial rescue program on Feb. 10, he only mentioned using the bailout funds to support the private-public partnership, and he was vague on the details of how that program would work.
The initial proposal was widely panned by investors, who were disappointed in a lack of specifics. The Dow Jones industrial average tumbled 380 points on the day the original program was announced.
Geithner's new plan would tap the resources of the Fed and the FDIC to attack what many analysts see as the major failing of the bank rescue effort so far, the failure to rid banks' of more than $1 trillion in bad loans and other toxic assets weighing down their books. As a result, banks have been unable to shake off the effects of the worst financial crisis to hit the country in seven decades.
While the administration included a placeholder in its budget request last month for as much as an additional $750 billion in rescue funds, more than doubling the current commitment, the uproar over the AIG bonuses has underscored the dim prospects that Congress would vote to bolster the size of the current fund.
The effort to deal with toxic assets is the latest in a string of initiatives the administration has put forward to deal with the financial crisis that had made it hard for consumers and businesses to get loans and has deepened the current recession, already the longest in a quarter-century.
The administration has put forward new programs to deal with mortgage foreclosures, expanded efforts to bolster lending to small businesses, launched with the Fed the TALF to unfreeze markets that support credit card, auto and student loans and also begun a so-called stress test of the country's 19 largest banks to make sure they have sufficient resources to withstand an even more severe recession.
A key unknown is whether the new plan to deal with toxic assets will succeed in attracting private investors to start buying the bad assets. Investors have fled these markets, scared off by the billions of dollars of losses that have already incurred on everything from mortgage-backed securities to consumer and business loans.
Hedge funds and other big investors may be even more leery of accepting the government's enticements to purchase these assets for fear of the imposition of tighter government restraints in such areas as executive compensation in the wake of the uproar over AIG.
In addition to unveiling his plan for toxic assets, Geithner is also expected to put forward next week the administration's proposals to overhaul the government's current financial regulatory structure.
President Barack Obama said this week that this plan will include a proposal to give the administration expanded authority to take control of major troubled institutions that are deemed too big to fail because their collapse would pose a risk to the entire financial system.
Sources say toxic asset plan near completion
WASHINGTON – Treasury Secretary Timothy Geithner could announce as soon as Monday his much-anticipated plan to get toxic assets off the books of the country's struggling banks, administration and industry officials said.
The plan will use the Federal Reserve and the Federal Deposit Insurance Corp. to make the resources of the government's $700 billion financial rescue fund go further, the officials said Friday.
Geithner is being forced to tap the Fed and the FDIC for support because the prospects for getting additional money from Congress for the bailout effort have dimmed significantly given the recent uproar over millions of dollars in bonuses provided to troubled insurance giant American International Group Inc., the largest recipient of government support.
The officials, who spoke on condition of anonymity because they were not authorized to speak publicly about Geithner's plan, said it will have three major parts.
One program will use the bailout fund to create a public-private partnership to back purchases of bad assets by private investors.
A second portion of the plan will expand a recently launched program being run by the Federal Reserve called the Term Asset-Backed Securities Loan Facility, or TALF. That program is providing loans for investors to buy assets backed by consumer debt in an effort to make it easier for consumers to get auto, student and credit card loans. Under Geithner's proposal, this program would be expanded to support investors' purchases of banks' toxic assets.
The third part of the Geithner plan would utilize the resources of the FDIC, the agency that guarantees bank deposits, to purchase toxic assets.
When Geithner announced the administration's overhaul of the financial rescue program on Feb. 10, he only mentioned using the bailout funds to support the private-public partnership, and he was vague on the details of how that program would work.
The initial proposal was widely panned by investors, who were disappointed in a lack of specifics. The Dow Jones industrial average tumbled 380 points on the day the original program was announced.
Geithner's new plan would tap the resources of the Fed and the FDIC to attack what many analysts see as the major failing of the bank rescue effort so far, the failure to rid banks' of more than $1 trillion in bad loans and other toxic assets weighing down their books. As a result, banks have been unable to shake off the effects of the worst financial crisis to hit the country in seven decades.
While the administration included a placeholder in its budget request last month for as much as an additional $750 billion in rescue funds, more than doubling the current commitment, the uproar over the AIG bonuses has underscored the dim prospects that Congress would vote to bolster the size of the current fund.
The effort to deal with toxic assets is the latest in a string of initiatives the administration has put forward to deal with the financial crisis that had made it hard for consumers and businesses to get loans and has deepened the current recession, already the longest in a quarter-century.
The administration has put forward new programs to deal with mortgage foreclosures, expanded efforts to bolster lending to small businesses, launched with the Fed the TALF to unfreeze markets that support credit card, auto and student loans and also begun a so-called stress test of the country's 19 largest banks to make sure they have sufficient resources to withstand an even more severe recession.
A key unknown is whether the new plan to deal with toxic assets will succeed in attracting private investors to start buying the bad assets. Investors have fled these markets, scared off by the billions of dollars of losses that have already incurred on everything from mortgage-backed securities to consumer and business loans.
Hedge funds and other big investors may be even more leery of accepting the government's enticements to purchase these assets for fear of the imposition of tighter government restraints in such areas as executive compensation in the wake of the uproar over AIG.
In addition to unveiling his plan for toxic assets, Geithner is also expected to put forward next week the administration's proposals to overhaul the government's current financial regulatory structure.
President Barack Obama said this week that this plan will include a proposal to give the administration expanded authority to take control of major troubled institutions that are deemed too big to fail because their collapse would pose a risk to the entire financial system.
Sources say toxic asset plan near completion
WASHINGTON – Treasury Secretary Timothy Geithner could announce as soon as Monday his much-anticipated plan to get toxic assets off the books of the country's struggling banks, administration and industry officials said.
The plan will use the Federal Reserve and the Federal Deposit Insurance Corp. to make the resources of the government's $700 billion financial rescue fund go further, the officials said Friday.
Geithner is being forced to tap the Fed and the FDIC for support because the prospects for getting additional money from Congress for the bailout effort have dimmed significantly given the recent uproar over millions of dollars in bonuses provided to troubled insurance giant American International Group Inc., the largest recipient of government support.
The officials, who spoke on condition of anonymity because they were not authorized to speak publicly about Geithner's plan, said it will have three major parts.
One program will use the bailout fund to create a public-private partnership to back purchases of bad assets by private investors.
A second portion of the plan will expand a recently launched program being run by the Federal Reserve called the Term Asset-Backed Securities Loan Facility, or TALF. That program is providing loans for investors to buy assets backed by consumer debt in an effort to make it easier for consumers to get auto, student and credit card loans. Under Geithner's proposal, this program would be expanded to support investors' purchases of banks' toxic assets.
The third part of the Geithner plan would utilize the resources of the FDIC, the agency that guarantees bank deposits, to purchase toxic assets.
When Geithner announced the administration's overhaul of the financial rescue program on Feb. 10, he only mentioned using the bailout funds to support the private-public partnership, and he was vague on the details of how that program would work.
The initial proposal was widely panned by investors, who were disappointed in a lack of specifics. The Dow Jones industrial average tumbled 380 points on the day the original program was announced.
Geithner's new plan would tap the resources of the Fed and the FDIC to attack what many analysts see as the major failing of the bank rescue effort so far, the failure to rid banks' of more than $1 trillion in bad loans and other toxic assets weighing down their books. As a result, banks have been unable to shake off the effects of the worst financial crisis to hit the country in seven decades.
While the administration included a placeholder in its budget request last month for as much as an additional $750 billion in rescue funds, more than doubling the current commitment, the uproar over the AIG bonuses has underscored the dim prospects that Congress would vote to bolster the size of the current fund.
The effort to deal with toxic assets is the latest in a string of initiatives the administration has put forward to deal with the financial crisis that had made it hard for consumers and businesses to get loans and has deepened the current recession, already the longest in a quarter-century.
The administration has put forward new programs to deal with mortgage foreclosures, expanded efforts to bolster lending to small businesses, launched with the Fed the TALF to unfreeze markets that support credit card, auto and student loans and also begun a so-called stress test of the country's 19 largest banks to make sure they have sufficient resources to withstand an even more severe recession.
A key unknown is whether the new plan to deal with toxic assets will succeed in attracting private investors to start buying the bad assets. Investors have fled these markets, scared off by the billions of dollars of losses that have already incurred on everything from mortgage-backed securities to consumer and business loans.
Hedge funds and other big investors may be even more leery of accepting the government's enticements to purchase these assets for fear of the imposition of tighter government restraints in such areas as executive compensation in the wake of the uproar over AIG.
In addition to unveiling his plan for toxic assets, Geithner is also expected to put forward next week the administration's proposals to overhaul the government's current financial regulatory structure.
President Barack Obama said this week that this plan will include a proposal to give the administration expanded authority to take control of major troubled institutions that are deemed too big to fail because their collapse would pose a risk to the entire financial system.
Do you notice that every Friday at close there is a HUGE buy?? Large Institutional Short Covering I would think..
LOI to buy EESO
Yep 2.13. Shorts covering before the weekend I assume.
No apologies necessary. Good Luck..
I agree. It can happen but this article is about shorting that they think lead to Bear Sterns and Lehmans failure. Who knows what other financials are being naked shorted?
Interesting read on naked short selling...
http://www.bloomberg.com/apps/news?pid=20601109&sid=aB1jlqmFOTCA&refer=home
Hand when options expire do stocks usually head north or south?
Looks like they might let it breath a little into the close.
Thanks for the links..
Found this interesting. MY tickets to see Tiger Woods at Bay Hill