Wednesday, May 21, 2014

Example of Suntech Short Coverer

Alpha Vulture:

"I also exited my short in Suntech, and this is something I should have done a few months earlier because at the current low price of the stock the carrying costs of the position are a bit too much (despite the fact that I was synthetically short using a structured product instead of having to borrow shares). The short position returned 56.4% in a bit more than a year time, a result I’m happy with since the leverage of the position was less than one."
This is why the short interest keeps falling.


Anonymous said...

Any idea why the stock is taking off?

Anonymous said...

"You can't fix stupid."

Anonymous said...

It might be the target of a penny stock promotion. Check out the Yahoo message boards.