Thursday, November 20, 2008

On CEO's Whining About Short Sellers:

"You have to wonder if this helps or hurts investor confidence. When executives keep blaming shorts, it just shows they aren't taking the challenges to their company seriously. And it certainly implies they aren't planning any management shake-up."
-John Carney

From personal experience,I would say 95% of the CEO's, who have complained to me about short sellers, just didn't understand markets, trading patterns and how market makers operate. I think two companies that do have legitimate complaints are Bear Stearns and Lehman Brothers.

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