tag:blogger.com,1999:blog-2335748440449035592.post4754680167708952960..comments2008-07-12T21:15:03.892-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-2335748440449035592.post-25402586007034677902008-07-12T21:15:00.000-04:002008-07-12T21:15:00.000-04:00Perhaps Goldman is sitting on the bid pounding away at TSL for the rest of the year so they cannot get the cash they need without a serious equity offering that may dilute upwards of 20%.<BR/><BR/>seriously I wouldn't rule this out. TSL is so thinly traded, they can destroy all remaining longs and steal their shares and then when conditions improve and TSL starts beating numbers in 2009, they hold most of TSL shares (except investinghobo's because those have a $80 sell limit ;) ) and can upgrade. Although I doubt the big Goldman would mess with TSL a quite small cap stock.soccerbill8http://openid.aol.com/soccerbill8noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-2200248458513772572008-07-12T17:45:00.000-04:002008-07-12T17:45:00.000-04:00I think its ridiculous. If you have enough pool of capital you can sit on the bid and pound a weak sister down all day. Then cover at 3:30 PM and come back the next day and repeat. It's foolish and I never have seen an explanation of "why" it was necessary to change it. <BR/><BR/>Why should those stocks you mention go down only due to a trick devised by SEC after it being the other way for decades?<BR/><BR/>And what does it do for small and mid cap companies who don't have big cash war chests to buy their own stock and defend themselves? There are 1000s of those small caps who a hedge fund could sit on day after day after day and pound away at it, pick a 6 minute period here, pick a 8 minute period there. And you can make a mighty mint in thinly traded stocks.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-67070522390789278552008-07-12T17:38:00.000-04:002008-07-12T17:38:00.000-04:00TM<BR/><BR/>I couldn't tell from your blog, are you in favor or against the uptick rule or the removal of it.<BR/><BR/>The periodic bear raids on the momentum stocks- MOS, POT, coal stocks, etc. like we saw last week may be attributed to the downtick rule because these fall in waterfall style. If that is true then the downtick rule would help the disciplined investor by giving him/her chances to get in on good stocks at artificially depressed prices. You mentioned how we saw like 5 panic sell offs/bear raids of the "good shortage stocks" in the last year (which were golden buying opportunities), well that same period is also when the uptick rule was eliminated. Perhaps the two are correlated?soccerbill8http://openid.aol.com/soccerbill8noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-50782648616318777732008-07-12T15:02:00.000-04:002008-07-12T15:02:00.000-04:00BD,<BR/><BR/>I can be short - I just can't be short individual names. I believe the 2nd best return in the fund has been SKF - Ultrashort Financial. Of course we have nailed many restaurants, retailers, casinos, and the like that have fallen 60-70%+ in the fall that would of been great to hold on the short side or at least own puts. It would of really goosed our returns even more.<BR/><BR/>To your question - we will have it written in the prospectus the ability to short. Trying to figure out the mechanics is leading to some complication - money needs to be segregated to the side for this, so we'll have to see how easy it is. With a small asset base I don't want to have to "reserve" $x that I cannot use and must sit waiting for a short decision, especially with a market that changes directions every 2 hours. But the ability will be there, it's just a matter of the application.<BR/><BR/>hrs,<BR/>yes the first of many - expect a few hundred go be gone by this time next year. A few regionals too i.e. National City looks like one going to hog heaven<BR/><BR/>kb, I wish every person would read articles like that. It is truly something that should make every American angry. In the beginning these were truly supposed to be representatives (of the people). They are now simply representatives of themselves, and their corporate backers... and talk a good game on TV to the "peons" (us). Much like our energy policy, our lack of financial regulation it will have to take a crumbling of epic proportion for things to change. That is unfortunately the American way - the sheep (voters) are not educating themselves on what is truly going on out there. Ignorance is bliss for those in power. We'll be one small voice fighting that, and hopefully as we grow more people read, and talk to their neighbors and educate them. I believe there are a few other websites doing the same. Oh yeh, we'll try to make money along the way too ;)<BR/><BR/>Roses,<BR/>Yes there is always opportunity. Most money managers are so American centric and stuck in 1960s-1990s thinking they are missing a lot. Thats why most good mutual fund managers are hedge fund managers in short order. <BR/><BR/>As for your other comment, much like the loss of the uptick rule I wonder why the naked short situation is never addressed. I can only guess hedge funds truly have the SEC in the back pocket. There is literally a list out there saying these are the stocks being affected by this and people act like there is no way to track down who is doing the naked shorting. I am all for SHORTING (legitimate) but the ability to short without real shares is criminal but our SEC does not care it seems. <BR/><BR/>But in a general sense I don't like to hear managment complain about the stock price. Do something about it - i.e. great performance. I'd urge you to google Overstock CEO Patrik Byrne for an example of when a company focuses so much on the shorts and a crusade against them and misses the whole point of executing within his own company. He is the poster child for these complaints.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-18443745347719349882008-07-12T01:16:00.000-04:002008-07-12T01:16:00.000-04:00BTW I was wondering if you have a bit of time to respond to an email. I talked a few minutes with the head of the board of directors of a Chinese Co. today when I had a few minutes... he was just freaking out about the stock... talking about the fact that the company was doing so well and that bear raids and naked shorts were just ravaging the best companies... very very interesting... not just for this company but for many others... <BR/><BR/>And you'll likely be doing this or having somebody do this as a fund manager... when the stock is getting crushed and even the top dogs can't understand why and are panicking it's time to listen...rosesryellow2http://www.blogger.com/profile/12471278009523940698noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-37356549301378907302008-07-12T01:10:00.000-04:002008-07-12T01:10:00.000-04:00Mark,<BR/><BR/>Congrats on your results. This market is like the old New York New York song...<BR/><BR/>If you can make it here you can make it anywhere<BR/>------------------------------<BR/>The current market has to be one of the most interesting ones in history. On the one hand we have these tremendous bull markets that are tied to globalization and the shift of money, industry, and power from the West to the East (and South America)... on the other hand we have the deepest deflationary crisis since the great depression that extends globally because the credit packages were spread throughout the world... and then just for a twist we have tremendous inflation in food and energy...<BR/><BR/>Most people are losing their *ss but the more I learn the more opportunity I see...rosesryellow2http://www.blogger.com/profile/12471278009523940698noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-82815895763662321032008-07-11T22:08:00.000-04:002008-07-11T22:08:00.000-04:00TM<BR/>This article in WSJ tells how our good senators are looking after the good of the country. Unbelievable that these people are willing to let elite rich destroy the whole system.http://online.wsj.com/article/SB121573640282644435.html<BR/>Dick Durbin and the Chicago Boys.<BR/>KBkbhttp://www.blogger.com/profile/16332962049649649457noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-62806217901170188142008-07-11T21:31:00.000-04:002008-07-11T21:31:00.000-04:00from the article<BR/><BR/>"This institution failed today due to a liquidity crisis," OTS Director John Reich said.<BR/><BR/>The lender's failure came the same day that financial markets plunged when investors tried to gauge whether the government would have to save mortgage giants Fannie Mae and Freddie Mac.<BR/><BR/>The banking regulator said it closed IndyMac after customers began a run on the lender following the June 26 release of a letter by Sen. Charles Schumer, D-N.Y., urging several bank regulatory agencies that they take steps to prevent IndyMac's collapse.<BR/><BR/>In the 11 days that followed the letter's release, depositors took out more than $1.3 billion, regulators said.<BR/><BR/>=====================<BR/><BR/>wonder if the good senator was short :)hrs0944http://www.blogger.com/profile/09986838112144909482noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-15171693770210723792008-07-11T21:28:00.000-04:002008-07-11T21:28:00.000-04:00the first of many?<BR/><BR/>Office of Thrift Supervision shuts down IndyMac - July 11, 2008<BR/><BR/>http://news.yahoo.com/s/ap/20080712/ap_on_bi_ge/indymac_17<BR/><BR/>more kool aid pleasehrs0944http://www.blogger.com/profile/09986838112144909482noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-4025216540628924322008-07-11T18:30:00.000-04:002008-07-11T18:30:00.000-04:00Great results for not being able to short! Do you plan on having any short positions once the fund is opened up?Bluedoghttp://www.blogger.com/profile/13620622716492473197noreply@blogger.com