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Month: September 2008

3 / 6

Another crazy day

More dramatic a day if such a thing is possible. Nifty and Sensex up over 5% in a day. SEC bans short selling of 700+ financial stocks. Dow, S&P up 3%. ...

After Zimbabwe, Iran

So Iran is considering removing zeroes from its currency: Iran is considering lopping three to four zeros off its currency, a top official said Monday, in an ...

They’ve banned them. Why not do it all?

What the US Government is doing: Banning short selling (till Oct 2). The Securities and Exchange Commission, acting in concert with the U.K. Financial Services ...

Stopping Short Sellers – To Benefit Who?

The UK has banned short selling of financial stocks till Jan 2009. And now, the US is considering a similar move: The Securities and Exchange Commission ...

ICICI: $200 million Mark to Market?

From DNA: ICICI to take $200 million MTM hit pegs MTM losses on the bank’s UK books at around $200 million. The recent 100 basis points widening in spreads ...

Another Strangle: 38% this time

Continuing a strangle strategy: A strangle bought two days ago – when the index was near 4100, a figure too close to comfort from the 4210 closing last ...

Action Packed Day – the 17th of September

What a day. Please read Kaushik’s post for an update. A summary: Dow down 350. S&P down some 3.5%. FTSE down 5.2% AIG down 45% to $2, but ...

Karachi's Floor: Market Suicide

Look at this link: http://www.kse.com.pk/kse4/phps/kmi30idx.php It’s the list of top 30 companies on the KSE – equivalent to the constituents of ...

Russian Markets Halted…Twice in Two Days

Bloomberg: Russian Markets Halted The ruble-denominated Micex Stock Exchange suspended trading indefinitely at 12:10 p.m. after its index erased a 7.6 percent ...

SEC gets tough on naked short sales, finally

The SEC has said – short sellers, get your shares ready. Short sellers and their broker dealers are now required to deliver securities by the close of ...