$SVVC down 23% and $GSVC down 10% ; (holding companies of $FB stock.)
As $FB does eh… these companies are getting hammered.
Also $ZNGA is halted down 13%
What a great scam. I’m glad to be a part of it in a very small fashion i might add. Now the markets can continue to crash.
SVVC and GSVC are both short restricted. Holding companies of $FB stock. Both stocks were taken down to a technical stop out threshold.
GLT
Not an offer to buy these securities.
“A slowdown in China poses the biggest threat to the global economy and not a Greek exit from the eurozone, says economist and investor Marc Faber, publisher of the Gloom, Boom and Doom Report.
Greece is teetering on abandoning the eurozone, which could roil global markets.
Big deal, Faber says.”
Comments »“Back in August 2011 Europe ushered in the totally idiotic idea of reinstating a short selling ban in financial stocks. We predicted at the time that the result would be a sheer disaster: “To those who may have forgotten, on September 18, the SEC banned the shorting of all financials here in the US. Below is a chart of the carnage that ensued… The same chart is coming to Europe first. ”
Comments »“Wikipedia does not carry advertisements which means that if you’re seeing ads on the site then you’ve almost certainly got a machine infected with malware.”
Comments »Did not completely read this one, but you should know that there is a lock up in 90 days. Then in 180 days there is another lock up that will effectively double the shares outstanding. If i heard correct it will then syand at 2 billion shares.
Comments »The G-8 nations will meet this weekend to discuss possible ways of diverting a major crisis in Europe. As usual they will dine on caviar and champagne.
Comments »“Investors who warned stock losses in May would mimic last year’s decline in the Standard & Poor’s 500 Index (SPX) from the highest level since 2008 were wrong. The losses are three times worse.
About $1 trillion has been erased from American equity values this month after speculationGreece will leave the euro region reversed the biggest first-quarter rally since 1998, according to data compiled by Bloomberg. That compares with $345 billion in the 13 days after April 29, 2011, when the S&P 500 reached its highest level in three years.”
Comments »Rob Hanna from Quantifiable Edges and ETF Prophet has posted the results of an interesting setup which requires that SPY close in the bottom third of its range for five days in a row.
See the results here.
Comments »“The defining feature of the Republican presidential primaries was the constant Sturm und Drang over Mitt Romney’s ability to win Republican voters. Pundits claimed that Romney had a “ceiling” with conservatives in the party, and opponents like former Pennsylvania Senator Rick Santorum routinely assailed the front-runner as a candidate whose commitment to conservatism was short-lived and inauthentic—a human “Etch A Sketch,” in the words of Romney’s own campaign spokesperson. ”
Comments »“Investors should exercise caution getting in on the Facebook initial public offering, as early investors in the social network may sell a hefty amount of shares right when the company goes public for a quick buck, which could burn others early on, analysts say.
Goldman Sachs plans to sell 29 million shares, the Guardian reports, more than originally planned, while legendary Silicon Vally investor Peter Thiel, another early backer, plans to sell 17 million shares.”
Comments »“Two weeks ago, Harvard economist Martin Feldstein said stocks are in a bubble, and now he maintains that the bubble hasn’t fully burst.
The Federal Reserve’s accommodative monetary policy has kept long-term interest rates near record lows, fueling the bubble, Feldstein tells Yahoo.
Already, “a lot of air has come out of the stock market,” he says, with the Standard & Poor’s 500 Index falling 5 percent since Feldstein’s earlier pronouncement.”
Comments »Naked short selling hurts more investors and destroys more wealth than anyone will know.
Comments »“An American tax exile living in the Cayman Islands has emerged as a winner from the chaos engulfing Greece, even as the political and economic turmoil in the beleaguered nation deepened yesterday, with Athens putting a senior judge in charge of an emergency government to lead it to fresh elections.”
Comments »“Europe’s debt crisis, higher oil prices and the year-end budget cuts and tax increases still remain risks to the U.S. economy, Treasury Secretary Timothy Geithner said on Thursday.
“We still live in a dangerous and uncertain world, with Europe confronting a severe and protracted crisis,” Geithner said in remarks prepared for the Greater Baltimore Committee group of regional businesses and non-profit organizations. ”
Comments »
