SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Bill Wexler's Trading Cabana
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RockyBalboa who wrote (5142)3/18/2009 2:07:56 PM
From: cubsfan  Read Replies (1) of 6370
 
I can't disagree with that - C up 250% in 2 weeks from $1.

But if the "mark to market" issue changes today - as is
speculated - it let's a lot of these banks change the marks
on their portfolios - marked up for cash flow instead of last trade.

So if that's the decision, like lots think it will be -
you probably right that there is huge short covering going
on that last week or so. Maybe they thought they could short
C to zero.

If this mark to market accounting issue is not relaxed -
watch 'em fall.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News