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Dr. Fly

18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.

Today’s Top Performers

No. Ticker % Change
1 XOMA 38.62
2 ZA 25.89
3 CHGS 20.16
4 MNKD 19.83
5 ROIAK 19.20
6 SHP 18.31
7 MOBI 17.92
8 VTRO 17.65
9 CLWR 17.61
10 FACE 17.02
11 TXCC 16.74
12 DCTH 16.11
13 FXCM 15.17
14 KNDI 14.89
15 MOTR 14.83
16 OPXA 14.40
17 CCRT 13.97
18 HEAT 13.33
19 MCP 12.98
20 SLTM 12.68
21 AXK 12.54
22 SOQ 12.45
23 CYTR 11.97
24 NURO 11.82
25 ZHNE 11.66

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ESMA Statement on European Short Selling Ban

ESMA • 103, rue de Grenelle • 75007 Paris • France • Tel. +33 (0) 1 58 36 43 21 • www.esma.europa.eu
PUBLIC STATEMENT
ESMA promotes harmonised regulatory action on short-selling in the EU
European financial markets have been very volatile over recent weeks. The developments have raised concerns for securities markets regulators across the European Union. ESMA has been actively monitor-ing the markets over the last few weeks and has been exchanging information with national competent authorities on the functioning of the markets and the market infrastructure.
Given these recent market developments, ESMA wants to emphasise the requirements in the Market Abuse Directive (MAD) referring to the prohibition of the dissemination of information which gives, or is likely to give, false or misleading signals as to financial instruments, including the dissemination of ru-mours and false or misleading news1. European competent authorities will take a firm stance against any behaviour that breaches these requirements and ESMA will support national authorities to act swiftly against any such behaviour which is clearly punishable. While short-selling can be a valid trading strategy, when used in combination with spreading false market rumours this is clearly abusive.
In the area of short-selling regulation, many authorities already have either requirements for the disclo-sure of net short positions and/or bans of certain types of short sales in place2. Recent developments have meant that all competent authorities have reinforced the monitoring of their markets and are keeping their regulatory requirements under review. ESMA has coordinated discussions between the national compe-tent authorities, specifically on the content and timing of any possible additional measures necessary to maintain orderly markets.
Today some authorities have decided to impose or extend existing short-selling bans in their respective countries. They have done so either to restrict the benefits that can be achieved from spreading false rumours or to achieve a regulatory level playing field, given the close inter-linkage between some EU markets. These measures have been aligned as far as possible in the absence of a common EU legal frame-work in the area of short-selling and given the very different national legal bases on which such measures can be taken.
The following countries have today announced or will shortly announce new bans on short-selling or on short positions: Belgium, France, Italy and Spain3. Information on these measures can be retrieved from the websites of the relevant competent authorities. The measures will take effect as of 12 August 2011.
1 Articles 5 and 1(2)(c) of MAD.
2 List of measures adopted by competent authorities on short-selling: http://www.esma.europa.eu/popup2.php?id=7696.
3 Greece already introduced a ban on short-selling on 8 August 2011.
Date: 11 August 2011
ESMA/2011/266
ESMA • 103, rue de Grenelle • 75007 Paris • France • Tel. +33 (0) 1 58 36 43 21 • www.esma.europa.eu
Notes for editors
1. ESMA is an independent EU Authority that was established on 1 January 2011 according to EU Regula-tion No. 1095/2010 as published on December 15, 2010, in the Official Journal of the European Union (L 331/84). The Authority contributes to safeguarding the stability of the European Union’s financial system by ensuring the integrity, transparency, efficiency and orderly functioning of securities markets, as well as enhancing investor protection. In particular, ESMA fosters supervisory convergence both amongst securities regulators, and across financial sectors by working closely with the other European Supervisory Authorities competent in the field of banking (EBA), and insurance and occupational pen-sions (EIOPA).
2. ESMA’s work on securities legislation contributes to the development of a single rule book in Europe. This serves two purposes; firstly, it ensures the consistent treatment of investors across the Union, enabling an adequate level of protection of investors through effective regulation and supervision. Se-condly, it promotes equal conditions of competition for financial service providers, as well as ensuring the effectiveness and cost efficiency of supervision for supervised companies. As part of its role in stan-dard setting and reducing the scope of regulatory arbitrage, ESMA strengthens international supervi-sory co-operation. Where requested in European law, ESMA undertakes the supervision of certain enti-ties with pan European reach.
3. ESMA also contributes to the financial stability of the European Union, in the short, medium and long-term, through its contribution to the work of the European Systemic Risk Board, which identifies po-tential risks to the financial system and provides advice to diminish possible threats to the financial stability of the Union. ESMA is also responsible for coordinating actions of securities supervisors or adopting emergency measures when a crisis situation arises.
4. ESMA replaced the Committee of European Securities Regulators (CESR), an advisory body comprised of EU securities regulators that advised the European Commission from 2001 to 2010 on policy issues around securities legislation.
Further Information:
Reemt Seibel
Communications Officer
Tel: +33 (0) 158 36 43 72
Email: [email protected]
Victoria Powell
Acting Head of Communications
Tel: +33 (0) 158 36 43 23
Email: [email protected]

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Flash: Nordstrom beats by $0.06, reports revs in-line; guides FY12 EPS in-line

Reports Q2 (Jul) earnings of $0.80 per share, $0.06 better than the Capital IQ Consensus Estimate of $0.74; revenues rose 11.7% year/year to $2.81 bln vs the $2.78 bln consensus. Second quarter same-store sales increased 7.3%. Co issues in-line guidance for FY12, sees EPS of 2.95-3.10 vs. $3.03 Capital IQ Consensus Estimate. Sees FY12 SSS of 4-6%; HauteLook sales of $160-180 mln; credit card revs decline of $0-10 mln.

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John Paulson Had a Very Good Day

No. Ticker Inst. Holdr. (% outstanding) Institutional Holder % Change
1 APC 4.27 PAULSON & COMPANY, INC. 11.72
2 HIG 9.86 PAULSON & COMPANY, INC. 10.99
3 AHT 4.92 PAULSON & COMPANY, INC. 10.76
4 BYD 4.64 PAULSON & COMPANY, INC. 9.93
5 BLK 1.04 PAULSON & COMPANY, INC. 9.35
6 ANR 9.93 PAULSON & COMPANY, INC. 8.58
7 MYL 6.12 PAULSON & COMPANY, INC. 8.11
8 MGM 8.96 PAULSON & COMPANY, INC. 8.03
9 COF 3.92 PAULSON & COMPANY, INC. 7.41
10 BSX 5.26 PAULSON & COMPANY, INC. 7.11
11 BAC 1.22 PAULSON & COMPANY, INC. 6.65
12 WHR 3.87 PAULSON & COMPANY, INC. 6.51
13 HHC 5.78 PAULSON & COMPANY, INC. 6.34
14 C 1.41 PAULSON & COMPANY, INC. 6.18
15 CNO 9.73 PAULSON & COMPANY, INC. 6.12
16 GGP 2.07 PAULSON & COMPANY, INC. 6.08
17 MTN 6.21 PAULSON & COMPANY, INC. 5.95
18 RF 1.54 PAULSON & COMPANY, INC. 5.91
19 RIG 7.63 PAULSON & COMPANY, INC. 5.86
20 ARG 1.78 PAULSON & COMPANY, INC. 5.84
21 IP 2.29 PAULSON & COMPANY, INC. 5.50
22 MNI 9.78 PAULSON & COMPANY, INC. 5.41
23 SNI 2.24 PAULSON & COMPANY, INC. 5.32
24 FDO 2.87 PAULSON & COMPANY, INC. 5.30
25 BZ 6.59 PAULSON & COMPANY, INC. 5.27
26 STI 6.39 PAULSON & COMPANY, INC. 5.20
27 RKT 9.64 PAULSON & COMPANY, INC. 5.19
28 GEN 6.69 PAULSON & COMPANY, INC. 5.07
29 LNG 4.05 PAULSON & COMPANY, INC. 5.01
30 AON 2.81 PAULSON & COMPANY, INC. 5.00
31 DEXO 7.31 PAULSON & COMPANY, INC. 4.69
32 ACAS 12.40 PAULSON & COMPANY, INC. 4.48
33 BAX 1.40 PAULSON & COMPANY, INC. 4.16
34 VECO 7.36 PAULSON & COMPANY, INC. 4.10
35 XL 0.00 PAULSON & COMPANY, INC. 3.99
36 FCH 4.58 PAULSON & COMPANY, INC. 3.74
37 LEA 4.00 PAULSON & COMPANY, INC. 3.59
38 WY 5.89 PAULSON & COMPANY, INC. 3.46
39 AU 10.76 PAULSON & COMPANY, INC. 3.43
40 SPMD 16.81 PAULSON & COMPANY, INC. 3.42
41 BEE 4.58 PAULSON & COMPANY, INC. 3.40
42 FHN 2.92 PAULSON & COMPANY, INC. 3.11
43 BPOP 6.55 PAULSON & COMPANY, INC. 2.44
44 GFI 3.61 PAULSON & COMPANY, INC. 2.08
45 CBG 4.15 PAULSON & COMPANY, INC. 1.56
46 SHO 4.23 PAULSON & COMPANY, INC. 1.02
47 LZ 9.33 PAULSON & COMPANY, INC. 0.25
48 NVS 0.27 PAULSON & COMPANY, INC. 0.17
49 ACL 0.82 PAULSON & COMPANY, INC. 0.00
50 NG 8.47 PAULSON & COMPANY, INC. -0.20

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Today’s Large Cap Winners

Mkt caps over $5bill

No. Ticker % Change Market Cap
1 NWSA 18.02 36,010,000,000
2 CSCO 16.10 75,520,000,000
3 ZNH 14.48 5,440,000,000
4 MPEL 13.45 6,300,000,000
5 BCS 13.01 31,670,000,000
6 LYG 11.98 40,770,000,000
7 APC 11.72 32,670,000,000
8 VE 11.60 6,930,000,000
9 MU 11.19 5,740,000,000
10 HIG 10.99 8,080,000,000
11 SID 10.56 12,140,000,000
12 MS 10.46 31,730,000,000
13 LPL 10.37 6,760,000,000
14 PUK 10.25 23,060,000,000
15 GGB 10.16 12,090,000,000
16 STM 10.03 5,550,000,000
17 CF 9.69 10,710,000,000
18 YHOO 9.60 15,400,000,000
19 UBS 9.48 51,280,000,000
20 BLK 9.35 26,520,000,000
21 RIMM 9.28 11,510,000,000
22 IVZ 9.27 7,490,000,000
23 EMR 9.00 31,200,000,000
24 LYB 8.99 17,650,000,000
25 ALU 8.83 6,820,000,00

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Warren Buffett Opines on Recent Sell off

In an CNN interview today, Warren said “The lower things go, the more I buy. We are in the business of buying.”

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Financials Trading Below Book Value

Min mkt cap: $1billion

No. Ticker Price/Book Market Cap Sector
4 IRE 0.15 1,570,000,000 FINANCIAL
5 GNW 0.20 2,840,000,000 FINANCIAL
6 AIB 0.21 1,050,000,000 FINANCIAL
7 CNO 0.29 1,340,000,000 FINANCIAL
8 BAC 0.33 68,610,000,000 FINANCIAL
9 AEG 0.38 7,470,000,000 FINANCIAL
10 BCS 0.38 31,670,000,000 FINANCIAL
11 HIG 0.38 8,080,000,000 FINANCIAL
12 RF 0.39 5,320,000,000 FINANCIAL
13 NBG 0.40 5,010,000,000 FINANCIAL
14 PL 0.43 1,470,000,000 FINANCIAL
15 LNC 0.47 6,370,000,000 FINANCIAL
16 AIG 0.47 39,780,000,000 FINANCIAL
17 C 0.47 83,130,000,000 FINANCIAL
18 AGO 0.47 1,830,000,000 FINANCIAL
19 STI 0.48 9,410,000,000 FINANCIAL
20 STD 0.48 51,040,000,000 FINANCIAL
21 DB 0.51 36,760,000,000 FINANCIAL
22 ING 0.52 30,760,000,000 FINANCIAL
23 MS 0.52 31,730,000,000 FINANCIAL
24 MTU 0.53 64,630,000,000 FINANCIAL
25 NMR 0.53 14,340,000,000 FINANCIAL
26 AHL 0.56 1,740,000,000 FINANCIAL
27 LYG 0.56 40,770,000,000 FINANCIAL
28 BPOP 0.56 2,100,000,000 FINANCIAL
29 MFG 0.58 31,480,000,000 FINANCIAL
30 PRE 0.59 3,890,000,000 FINANCIAL
31 ORI 0.60 2,390,000,000 FINANCIAL
32 AIZ 0.61 2,950,000,000 FINANCIAL
33 ACAS 0.61 2,840,000,000 FINANCIAL
34 HCBK 0.62 3,010,000,000 FINANCIAL
35 SFG 0.63 1,210,000,000 FINANCIAL
36 KEY 0.63 5,910,000,000 FINANCIAL
37 MET 0.63 33,660,000,000 FINANCIAL
38 LM 0.64 3,660,000,000 FINANCIAL
39 CWH 0.65 2,050,000,000 FINANCIAL
40 COF 0.65 18,710,000,000 FINANCIAL
41 PTP 0.66 1,120,000,000 FINANCIAL
42 ASBC 0.67 1,840,000,000 FINANCIAL
43 PRU 0.67 23,310,000,000 FINANCIAL
44 PFG 0.67 6,950,000,000 FINANCIAL
45 ALL 0.67 12,560,000,000 FINANCIAL
46 BDN 0.68 1,230,000,000 FINANCIAL
47 TWO 0.69 1,330,000,000 FINANCIAL
48 XL 0.69 5,590,000,000 FINANCIAL
49 FAF 0.70 1,400,000,000 FINANCIAL
50 FITB 0.71 8,660,000,000 FINANCIAL
No. Ticker Price/Book Market Cap Sector
51 BK 0.71 23,990,000,000 FINANCIAL
52 UMPQ 0.71 1,070,000,000 FINANCIAL
53 KCG 0.71 1,010,000,000 FINANCIAL
54 CMA 0.71 4,280,000,000 FINANCIAL
55 AFG 0.71 3,110,000,000 FINANCIAL
56 FITB 0.71 8,660,000,000 FINANCIAL
57 AXS 0.72 3,590,000,000 FINANCIAL
58 ETFC 0.72 2,870,000,000 FINANCIAL
59 PBCT 0.72 3,720,000,000 FINANCIAL
60 NDAQ 0.74 3,800,000,000 FINANCIAL
61 L 0.74 13,960,000,000 FINANCIAL
62 FHN 0.74 1,780,000,000 FINANCIAL
63 TRH 0.74 3,080,000,000 FINANCIAL
64 MBI 0.74 1,300,000,000 FINANCIAL
65 UNM 0.75 6,470,000,000 FINANCIAL
66 PNC 0.75 23,820,000,000 FINANCIAL
67 CME 0.76 15,970,000,000 FINANCIAL
68 AINV 0.76 1,450,000,000 FINANCIAL
69 KFN 0.76 1,340,000,000 FINANCIAL
70 CINF 0.77 3,920,000,000 FINANCIAL
71 JPM 0.77 136,050,000,000 FINANCIAL
72 BSBR 0.79 31,050,000,000 FINANCIAL
73 AB 0.80 1,430,000,000 FINANCIAL
74 CS 0.80 34,510,000,000 FINANCIAL
75 VR 0.81 2,370,000,000 FINANCIAL
76 BBT 0.82 13,840,000,000 FINANCIAL
77 FULT 0.82 1,600,000,000 FINANCIAL
78 GS 0.82 57,130,000,000 FINANCIAL
79 ACE 0.83 20,060,000,000 FINANCIAL
80 CSE 0.83 1,740,000,000 FINANCIAL
81 HBAN 0.83 4,070,000,000 FINANCIAL
82 DRH 0.84 1,270,000,000 FINANCIAL
83 FMER 0.84 1,300,000,000 FINANCIAL
84 DCT 0.84 1,060,000,000 FINANCIAL
85 STT 0.86 16,580,000,000 FINANCIAL
86 FNB 0.87 1,050,000,000 FINANCIAL
87 TRV 0.87 20,530,000,000 FINANCIAL
88 ARCC 0.87 2,730,000,000 FINANCIAL
89 LHO 0.87 1,560,000,000 FINANCIAL
90 ZION 0.88 2,960,000,000 FINANCIAL
91 PLD 0.88 12,110,000,000 FINANCIAL
92 CIM 0.89 3,060,000,000 FINANCIAL
93 HCC 0.89 2,930,000,000 FINANCIAL
94 UBS 0.89 51,280,000,000 FINANCIAL
95 HBC 0.91 146,410,000,000 FINANCIAL
96 IVZ 0.92 7,490,000,000 FINANCIAL
97 NYB 0.93 5,180,000,000 FINANCIAL
98 AMP 0.93 9,770,000,000 FINANCIAL
99 STWD 0.94 1,250,000,000 FINANCIAL
100 WFSL 0.94 1,580,000,000 FINANCIAL
No. Ticker Price/Book Market Cap Sector
101 WFSL 0.94 1,580,000,000 FINANCIAL
102 CIT 0.94 6,690,000,000 FINANCIAL
103 MFA 0.94 2,610,000,000 FINANCIAL
104 BPO 0.94 8,270,000,000 FINANCIAL
105 TCB 0.95 1,520,000,000 FINANCIAL
106 FNF 0.95 3,330,000,000 FINANCIAL
107 BBVA 0.96 37,200,000,000 FINANCIAL
108 JNS 0.97 1,210,000,000 FINANCIAL
109 NYX 0.98 7,040,000,000 FINANCIAL
110 HBHC 0.98 2,350,000,000 FINANCIAL

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BREAKING: GOLD IS FLASH CRASHING

GLD is down 3% and looking weaker by the minute. It’s risk on and gold is being dropped in exchange for SPY. I thought you should know.

As you were.

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Today’s Best Performing Short Squeezes

Most up, with percentage of float sold short of more than 15%.

No. Ticker % Change Short as % of Float
1 AONE 44.48 27.30
2 IL 26.66 17.60
3 TLB 24.64 48.70
4 SOL 22.29 17.28
5 ATRN 18.39 16.90
6 GMR 15.22 16.80
7 SATC 14.95 25.60
8 WNR 13.61 34.50
9 ATPG 13.38 42.20
10 AOL 13.21 22.60
11 BBX 12.46 16.10
12 JASO 12.09 19.72
13 SGMO 12.01 19.50
14 LDK 11.74 58.02
15 CIEN 11.62 24.95
16 OSG 11.41 39.40
17 AREX 11.41 21.10
18 CTCT 10.88 32.30
19 TWI 10.47 25.80
20 ENTR 10.36 33.40
21 DANG 10.33 90.36
22 WCC 10.04 15.30
23 GDOT 9.98 19.00
24 YOKU 9.85 23.25
25 LIWA 9.67 16.20

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