Tuesday, June 24, 2008

Fashion Shorts

The current play in the indexes is the 'short'.  Known for joining trades
in fashion, hedge funds and brokerage trading desks are piling on and selling.

Here is a look at stocks.
Top Losses (From David Pierson June 19 Bloomberg)
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Short Short Price
Interest Interest Float Chg %
Tkr. Name /Float % (mln shrs) (mln shrs) (5/12-6/10)
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MBI MBIA Inc 16.1 43.5 269.6 -49.1
LEH Lehman Brothers 13.5 74.0 548.0 -38.5
WM Washington Mutual 18.3 192.7 1051.4 -34.8
RF Regions Financial 7.2 49.3 682.5 -33.8
WB Wachovia Corp 5.7 120.5 2119.6 -30.0
CTX Centex Corp 19.0 22.5 118.6 -27.6
DDS Dillard's Inc 21.1 12.1 57.1 -26.8
F Ford Motor Co 13.6 280.3 2060.3 -24.9
FITB Fifth Third Bancorp 6.1 32.2 526.5 -22.7
CIT CIT Group Inc 12.0 33.8 281.1 -22.6
BBT BB&T Corp 8.3 45.3 542.7 -22.2
NCC National City Corp 18.6 139.8 751.0 -22.0
KBH KB Home 33.1 20.4 61.6 -21.8
EK Eastman Kodak Co 16.1 45.7 284.5 -21.2
MI Marshall & Ilsley 6.2 15.8 256.0 -20.5
GT Goodyear Tire 5.9 14.0 237.1 -20.0
DHI DR Horton Inc 15.3 42.4 277.7 -19.7
HBAN Huntington Bancsh. 13.9 50.2 361.1 -19.2
BC Brunswick Corp 22.5 19.4 86.2 -19.2
GM General Motors 17.8 100.6 564.4 -19.0
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