Mark Mitchell
68 posts
Naked Hunting Season to Resume Tomorrow
In a few hours, the SEC will lift its ban on short-selling of 900 stocks. That is well…
October 8, 2008
The Naked Short Selling That Toppled Wall Street
The Wall Street Journal stated in a lead editorial last week that the SEC was “reasonable” to “clamp…
October 2, 2008
WSJ Skips Scandal, Fills Page with Fudge
Well, predictably enough: Arturo is back! As our regular readers will recall, Arturo Bris, a professor in Switzerland,…
The Simple Truth About Naked Short Selling – A Bit Late
More than two years ago, Patrick Byrne, the future Deep Capture reporter, had dinner with an editor of…
The Week the World Said “Naked Short Selling”
Make no mistake: what you witnessed this week was not some natural process – an economy “souring,” a…
The Short Seller Myth of “Market Efficiency”
By the way, why am I wasting my time with this? Who cares about these screwball statistics?The SEC is talking about protecting companies from getting clobbered by illegal market manipulation. The SEC is talking about stopping a crime and upholding the basic tenet of capitalism and correct human conduct that says that someone who sells something had darn well better deliver it.
A Bad Day for Criminals and the Journalists Who Love Them
The mainstream financial media says that the SEC should not crack down on criminal short sellers because short…
Media Herd Lassoed by a Lie
In the middle of last week, a previously unknown professor in Switzerland published a report that purported to show that the SEC’s emergency order preventing naked short selling in 19 financial companies had been a mistake. By the end of Friday, that report had become the basis for stories by reporters at the Wall Street Journal, the Financial Times, the Economist, TheDeal.com, Dow Jones Newswires, Reuters, and Hedgeworld.
Mr. Norris, We’re Here to Help
Floyd Norris of the New York Times has written a column about the SEC’s recently expired “emergency order” preventing naked short selling of 19 financial stocks. His argument is…Actually, I have no idea what Mr. Norris is trying to tell us.
5,000 Words About An Obscure Bad Newswire Reporter
The ever cuddly Carol Remond (“I’m going to shred this guy to bits,” she said of Deep Capture reporter Patrick Byrne) has published yet another defense of criminal naked short sellers. In a recent column for Dow Jones Newswires, Carol writes that the SEC should think twice about cracking down on the criminals because some of the people (she names four) who have complained about illegal naked short selling have run into legal problems of their own.