Replies to post #488 on QEP Resources Inc (QEP)

[TuMaRu]

Honestly, that does not mean much these days. They not only play both sides (long/short, stocks/bonds) but often both sides of the same stock at the same time. Plus, there's any number of bankrupt companies that had huge institutional ownership, yet filed Ch. 11

Take the case of Diamond Offshore Drilling. Loews had around 45-50% ownership yet they took a loss and writeoff on their books when DO filed recently. Currently trades under DOFSQ. Instis along with all others were wiped out obviously.