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Friday, August 10, 2007 8:58:44 AM
In regard to my post about stock issues and short selling, there have been reports from several different sources about a very large naked short position in the stock. All very murky as is the nature of naked shorting itself.
Tbird, your source for info at BDGR seems quite informed albeit slightly biased.
Local, you stated that big oil has left the building so to speak. What are you hearing about mid-sized independents interest in the area? I hope you deleted those xlf puts you had off your computer screen, they must be real juicy this AM. I had index puts yesterday and sold 1 1/2 hours too early, but a profit is a profit.
I've alerted CT to my displeasure with JL remaining as president of BDGR. CT stated that he has had discussions with JL regarding this. Also, CT do we have any more info on the progress of the audit?
A question to all, how many big banks or investments institutions are going to fail because of the mortgage derivatives? What effect will this have on the price of oil?
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