Tabacco on Short Sellers

" Let's get to jump to back. Because. He he is a company owns a company that facilitates -- selling okay. Short selling is where you'll betting against a company you'll betting that the company's stock is going to go down his jump tobacco. A sponsor villain of the day that is -- Africa John welcome back good to -- again great to be with yeah but can you make money. Under the everybody says you make money shorting the stock because the stock keeps on going down this is a great market to -- But you've got to find somebody who will lend you the stock to shoals in the first place if people want to lend it out for you."

" Mormon while people are turning to lending their fathers -- good source of revenue when these wild markets right now Stewart and get a figure vitamin they get a CN as the demand increases in the regulation tightens the fees that people willing to -- to actually bought shares are going up. And systems like ours locate stock dot com and others out there on provide an electronic gateway for people to bid and offer and create a more efficient market. So right now short selling is up because you the -- market people still find and a lot of values in the markets and now when you look folded. -- the first 23 quarters of next give people see a lot more uncertainty out there in the short sellers of funding to feasts every day which stock leads -- list of the web people which people on shortened the most which stock. Well today the most active stock on our system was on tech power which was another one of those solar companies -- and I. In my last visit talked about how oil prices are coming down so the demand for Solarz is certainly drying up. Plus last year when Solis was so hyperactive and hot on supplies will keep be rushed to market so now there's a a glut of supply out there is not a lot of demand in the -- is on getting. That could -- from ninety dollars a share to six. There are others in the does solar industry that still have some great value in the ms. Stewart and not. The financials also in -- gig you did he edited by her undoubtedly thought there rundown last time I was scheduled to Morgan Stanley was your favorite of the bears in the stock was seventeen dollars and you said that I was crazy that was a great market value at that time. Today the stock is about ten bucks or so you looking at Goldman Sachs which is experiencing more more problems out that it turned more into a bank and the -- so still feel like that's not is also valued. People talking to me that maybe -- should be a third I'll stop. All right one LC -- the financial the still ruling the -- spiritual solace in this budget that shook General Motors is right in them people talking about bail outs of this still to box on the table and share price they still want to short the stock. And Stewart the biggest thing on here from -- Sosa's. Look out into the future and why we bailing out companies when now cities. And states are saying that they need to be bailed out I can't Schultz a city or state I've got children -- ended exactly my point so. When New York City is six weeks late aren't paid 215 billion dollars in 250 million dollars in tax rebates that of people. Because they don't have the money they should maybe go to their state who doesn't have the money that -- two billion and maybe the states should go to the talk and say New York is troubled asset right now that's kind of moral point and then GM or Chrysler report. Because New -- the epicenter of the financial universe. What we've got on the screen now the top five Schultz circular because some tight bond come Goldman Morgan GM okay I was -- companies. You also and that the next line of casualties. -- list of victims so to speak. Our cities and states while we're we've seen it right here in New York City Mayor Bloomberg said hey. Yes we appropriated the money in -- Yes the City Council voted and made this in the budget for 2007 but I write the checks there's no money in the checkbook so I'm not writing the checks and some good counsel -- right here in the -- his yell and Otto. To get to the courts and said hey Mayor Bloomberg you have to give us money and we don't have it may be New York have to come under the -- as a US troubled asset looking for rescue -- John tobacco use that that the companies usually -- a bit that I don't have secular much indeed become a now let's talk about."