Word: firms
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...High trading volume lets them get in and out of GE shares with ease. And, GE's stock is volatile for a mega-cap company. Since the beginning of the year, the share of the conglomerate have been as high as $17 and as low as $5.87. For a firm with a market value of $128 billion, trading in that big a range is extraordinary...
...squeezed" more than once this year - forced to cover when the banks had good news. That covering magnified the rebound in Citi's share price. Citi is a "rumor a day" stock. Recently, the market has speculated about the fate of the bank's CEO, Vikram Pandit, whether the firm will have to raise money because of government stress tests, and whether the bank can maintain the earnings it posted for the first quarter. So far this year, the stock has traded in a range of $7.46 to $.97, a short seller's dream...
...pennies since the beginning of 2009, even though it was the premier insurance company in the world just four years ago. Shares short in AIG fell 3% during the most recent period to 278 million, against an average daily volume of 125 million shares. Eleven percent of the financial firm's float is now sold short. AIG's stock can more up or down 15% on any given day based on information about whether the government will have to add to its $13o billion commitment to the firm and news about its desperate attempts to auction off its divisions...
...Wall St because of the bleak future the industry faces. The news about Ariel caused the stock to rally from $2.69 to $4.06 in four days, which probably pushed a number of short sellers out. Weak earnings knocked the stock back down to $3.09 giving those gambling against the firm some renewed hope...
...McCargo, the only long-term solution combines firm action against the perpetrators of violence and "substantive autonomy" for the three southernmost provinces. The problem is that, for the rest of this intensely nationalistic country, autonomy is regarded as a back door for separatism, a word whose closest Thai equivalent translates emotively as "tearing apart the land." Such sensitivities make public discussion of bold solutions impossible, laments McCargo. As his book suggests, putting the land back together isn't impossible. Tragically, it isn't imminent either...