Sunday, September 4, 2016

"High Noon at the NYSE: Stutz vs. the Shorts"

I've referenced the Stutz story a couple times*, here's a longer version.
From Global Financial Data:

Until
1934 when the Securities and Exchange Commission outlawed rigging the
market, Wall Street was occasionally treated to a battle between shorts
and long that ended in a corner on the market.  A stock is cornered when
shorts have sold more shares in a company than are in the outstanding

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