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Tuesday, July 22, 2008

Don't Short These Companies

The stock market has been in turnmoil especially in the financial sector. And after the collapse of Indymac - the largest saving and loans bank to fall, SEC finally did something to slow down the bears by preventing "naked" short sells of major financial institutions. So short sellers on would need to borrow these stocks first in order to short it. So which companies are the lucky ones? Here they are and you may probably want to have them in your portfolio:
  • Bank of America Corporation (BAC)
  • Barclays plc (BCS)
  • Citigroup Inc. (C)
  • Credit Suisse Group (CS)
  • Deutsche Bank AG (DB)
  • Allianz SE (AZM)
  • Goldman Sachs Group Inc. (GS)
  • ROYAL BANK ADS (RBS)
  • HSBC HLDGS PLC ADS (HBC)
  • JPMorgan Chase & Co (JPM)
  • Lehman Brothers Holdings Inc. (LEH)
  • Merrill Lynch & Co., Inc. (MER)
  • Mizuho Financial Group, Inc. (MFG)
  • Morgan Stanley (MS)
  • UBS AG (UBS)
  • Freddie Mac (FRE)
  • Fannie Mae (FNM)