Re: where are the guys who were crowing about the dollar being down?

On Wed, 29 Oct 2008 10:38:37 -0700 (PDT), Martin Brown
<|||newspam|||@nezumi.demon.co.uk> wrote:

On Oct 29, 5:12 pm, John Larkin
<jjlar...@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx> wrote:
On Wed, 29 Oct 2008 13:39:02 +0100, Martin Griffith

<mart_in_med...@xxxxxxxx> wrote:
On Tue, 28 Oct 2008 08:44:32 -0700, in sci.electronics.design John
Larkin <jjlar...@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx> wrote:

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/10/28/BU7013P0I...

Jeez, look at the chart!

this made me smile
http://news.bbc.co.uk/2/hi/business/7697082.stm

martin

"It meant that because Porsche had not declared the proportion of VW
shares it controlled, traders may have been indirectly and
inadvertently borrowing shares from Porsche, selling them to Porsche,
buying them back from Porsche and then returning them to Porsche."

Cool.

I agree. Good on Porsche they profit on both sides of the equation and
bankrupt some hedge funds. Win - win.

All those brokers will have to, err, sell their Porsches.


Short selling good businesses by hedge funds to drive the share price
down should be made a criminal offence.

The markets certainly need some damping. Banning shorts would help,
maybe. And adding delays, possibly by a small fee on trades, or on
stocks held for a short time. We need some control theory here.


The sooner businesses start getting valued again for their intrinsic
manufacturing value as opposed to their stock market gambling utility
the better. I hope that Porsche manages to drive at some of these
parasites to the wall. It is high time that the hedge fund bastards
driving stocks down on sophisticated double or quits bets were
crucified.

Yeah, stocks are pretty much the moral equivalent of poker chips.

John

.

Quantcast