jaap_10 schreef:
De kleren van de keizer.
------------------------------
Are short sellers solely to blame for the slump in HBOS shares?
Many analysts say no.
In order for shares to be shorted they first need to be borrowed, and there are figures available showing how many are on loan at any given time.
On Tuesday, when HBOS shares were plunging, only 2.75% of its shares were out on loan, according to research firm Data Explorers.
That compares with July - the month shares began trading under its rights issue - when 18% of the shares were out on loan.
Many hedge funds argue that short sellers are often pointing out an uncomfortable truth about the financial position of the companies whose shares they are selling - that they are not as valuable as people think they are.
As such, it is argued, they are often doing everyone a favour by exposing the real value of a company's shares. The financial equivalent of the boy who pointed out that the emperor had no clothes.
[bbc]