overstock oversold?

How much more can be shorted on Overstock (OSTK)? Checking the most recent data on shortsqueeze.com, the site says that 75% of the float is short and that's after a 5% decrease in the amount of shares shorted. After the latest downdraft, some short sellers probably covered, explaining the decrease in shorted shares. What a great story. The CEO has effectively talked and acted in a way that drove the company's stock right into the ground. Remember, the stock could go to $0.

short week

Happy Thanksgiving weekend.

Short day after yesterday's holiday.


DJIA 12,280.17

NASDAQ 2,460.26

SP500 1,400.95

goog > $500

The Goog broke through the 5-hondo barrier. Good for them - we'll see if they can stay above the high watermark.

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

Beleaguered airlines buying other beleaguered airlines. Can that be good for the industry? Phelps Dodge gets bought out at a 33% premium. And people said copper was cooling. Yahoo's peanut butter manifesto? Sounds like they need to have a corporate retreat to figure out their strategy going forward...

glitz

Wall Street Warriors, 'Entourage' hedge fund-style, and a hedge fund paying the bills for Devil Wears Prada and Borat? When did Hollywood and hedge funds get to be so cozy?

Also, congrats to the NY Merc for their spectacular "massively oversubscribed" IPO today.

Happy weekend.

DJIA 12,342.56

NASDAQ 2,445.86

SP500 1,401.20

big or small

went to a NWHFS meeting last Thursday, topic was capital raising. Interesting group of panelists that had much to say about raising $$ from institutions. Bifurcation seems to be the hot buzzword re: the future of the industry. Be a small niche player or a big monstrous whale. Small aum and potential for very high returns or huge aum and low potential for outsized returns. Tough call but something that needs to be considering when developing a business strategy.

Happy weekend.

DJIA 12,108.43

NASDAQ 2,389.72

SP500 1,380.90

get out there and...

VOTE! It's your right. Take advantage of it and do what you can to make a change. Or if you like things the way they are, then vote to keep them that way. Regardless, just get out there and cast your ballot.

mainstreaming

I-banks are buying hedge funds, tv shows are being created about hedge funds and the former president's daughter is now working for a hedge fund. At least you can't say they haven't hit mainstream America. Happy weekend.

DJIA 11,986.04

NASDAQ 2,330.79

SP500 1,364.30