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Doug Kass: Short-Sellers Are More Rigrous Analytically
Posted by: Dheeraj Grover (IP Logged)
Date: January 29, 2013 10:07AM
The financial world was shocked with such public bickering between hedge fund titans Bill Ackman and Carl Icahn. That surely raises the question: Should short-sellers publicly reveal their short positions, or is this market manipulation?
Here is well-known investor and hedge fund manager Doug Kass on CNBC sharing his views on short-selling and why he is fine with short-sellers publicly disclosing their short positions.
-- He does not see any difference between disclosing short positions and long positions.
-- Thinks short-sellers are more rigorous analytically than long buyers.
-- Short-selling provides profits in any kind of market.
-- Good hedge against all the positive research doled by Wall Street analysts.
-- His basic tenets on short-selling: When short as percentage of shares is more than 6%, or when short interest ratio says that it will take more then five days to cover your shorts, that is a non-starter.
Credit and source: CNBC, www.cnbc.com
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