Short Selling Strategies, Risks, and Rewards phần 5 ppsx

... ON SHORT SELLING weak measure of shorting demand. Overpricing falls over time, while the level of short interest rises. Thus short interest can be negatively cor- related with shorting demand and ... pp. 2113–2141. 10 Jones and Lamont, Short Sale Constraints and Stock Returns.” 7-Lamont -Short Constraints Page 188 Thursday, August 5, 2004 11:12 AM Implications of Short Sel...

Ngày tải lên: 14/08/2014, 05:20

... Prices Palm 55 . 25 3Com 68 Call Put Synthetic Short Percent Deviation Synthetic Long Percent DeviationBid Ask Bid Ask May 55 5. 75 7. 25 10.6 25 12.6 25 47 .55 –14 51 . 05 –8 August 55 9. 25 10. 75 17. 25 19. 25 43 .57 ... –8 August 55 9. 25 10. 75 17. 25 19. 25 43 .57 –21 47.07 – 15 November 55 10 11 .5 21.6 25 23.6 25 39.12 –29 42.62 –23 7-Lamont -Short Constrai...

Ngày tải lên: 14/08/2014, 09:21

... 237 Wealth creation, 282, 2 95 firm, 292 destroyer, 2 85 Webb, Gwendolyn P., 242 Weighted average COC, 292 West, Richard R., 150 , 358 index Page 4 15 Thursday, August 5, 2004 10 :51 AM 394 SHORT SELLING AND MARKET ... Nejat H., 174 SG&A. See Selling general and admin- istrative Shah, A., 1 45 Shapiro, Alan C., 358 index Page 411 Thursday, August 5, 2004 10 :51 AM Short...

Ngày tải lên: 14/08/2014, 09:21

... Advisors? 51 What Is the Significance of the Short Interest for Growth in ETF Assets? 52 Conclusion 56 SECTION TWO Theory and Evidence on Short Selling 59 CHAPTER 5 Restrictions on Short Selling and ... the World 3 25 Foreign Listing and Short Selling 331 Short Selling Constraints and International Capital Flows 339 Conclusion 342 CHAPTER 14 Short Selli...

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... Equivalents 50 ,819 54 ,118 52 ,469 70,318 73,432 71,8 75 36.99% DJIA DIAMONDS DIA Shares Outstanding 58 ,304 58 ,2 05 58, 255 64 ,50 9 63,861 64,1 85 10.18% Short Interest 14 ,57 5 11, 751 23,063 28,334 Total ... Equivalents 882,973 841,340 862, 157 984,063 927,706 955 ,8 85 10.87% iShares S&P 50 0 IVV Shares Outstanding 47, 450 52 ,600 50 ,0 25 68, 850 70, 650...

Ngày tải lên: 14/08/2014, 05:20

... AM 80 THEORY AND EVIDENCE ON SHORT SELLING implied fee averaged 19%. (The highest was 55 % once for Krispy Kreme and 50 % for Stratos Lightwave). Exhibit 5. 4 shows the situation of a short seller ... years. 5- Miller-Restrictions Page 83 Thursday, August 5, 2004 11:10 AM 86 THEORY AND EVIDENCE ON SHORT SELLING Brazil, Chile, Finland, India, Israel, New Zealand, the Phili...

Ngày tải lên: 14/08/2014, 05:20

... Thursday, August 5, 2004 11:11 AM Implications of Short Selling and Divergence of Opinion for Investment Strategy 141 result in short selling as option dealers and others make short sales in the ... 6-Miller-Implications Page 127 Thursday, August 5, 2004 11:11 AM Implications of Short Selling and Divergence of Opinion for Investment Strategy 149 Arnott 65 and Carvel...

Ngày tải lên: 14/08/2014, 05:20

... Prices Palm 55 . 25 3Com 68 Call Put Synthetic Short Percent Deviation Synthetic Long Percent DeviationBid Ask Bid Ask May 55 5. 75 7. 25 10.6 25 12.6 25 47 .55 –14 51 . 05 –8 August 55 9. 25 10. 75 17. 25 19. 25 43 .57 ... 17. 25 19. 25 43 .57 –21 47.07 – 15 November 55 10 11 .5 21.6 25 23.6 25 39.12 –29 42.62 –23 7-Lamont -Short Constraints Page 198 Thursday, August...

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... August 5, 2004 11:16 AM 9-Jones/Larsen-InfoContent Page 256 Thursday, August 5, 2004 11:14 AM The Information Content of Short Sales 241 Predicting Short- Term Returns with and Without Hedging and ... shorts. 10-Gutfleish/Atzil-Spotting Page 278 Thursday, August 5, 2004 11: 15 AM 246 THEORY AND EVIDENCE ON SHORT SELLING about future returns applies to the NASDAQ market as wel...

Ngày tải lên: 14/08/2014, 05:20

... August 5, 2004 11:16 AM SECTION Four Short Selling and Market Efficiency Sect4 Page 321 Thursday, August 5, 2004 10:49 AM 284 SHORT SELLING STRATEGIES ing in the direction of economic profit and ... 294 Thursday, August 5, 2004 11:16 AM 290 SHORT SELLING STRATEGIES capital ranged from lows of 2.23% and 2. 95% in 1994 and 1997, respec- tively, to a high of only 9.21% in 1...

Ngày tải lên: 14/08/2014, 05:20