Monday, September 22, 2008

Taking A Stand

One of the 799 companies listed on the financial securities short selling ban list, a company named Diamond Hill, has opted out of the protection offered.
Posted by jumco at 4:27 PM
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2 comments:

  1. ArielSeptember 23, 2008 at 2:37 AM

    I find it amazing that the market is so confused it is now trading based on Dealbreaker rumors! If you look at a chart of this company Bess comes out with the rumor at 1:40 and at 2 it spikes from 85 to 100!

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  2. jumcoSeptember 23, 2008 at 6:00 AM

    I don't think this is anything new, especially not for the ultra-small caps. Dealbreaker has recognized this and gone to great lengths to moderate their rumors. They've even invented a rumor quality scale based upon the concept (and poking fun at the concepts) of debt ratings (AAA, AA, BBB, etc.).

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