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When an investor believes a stock is overvalued and will soon drop in price, he might decide to "short" it. First, he borrows an amount of the stock, and then sells it. He waits for the stock to tank before buying back the same amount of shares at a deflated price. After returning the shares to his lender, he pockets the difference-unless any one of several hard-to-predict variables interferes, and the stock fails to drop. Since these variables are so hard to predict, short selling is difficult for even seasoned investors. It takes great talent and experience to isolate the best short ideas for falling stocks-skills Amit Kumar developed and honed over decades of market analysis and trading. This book shares his short-selling framework, built on themes common to falling stocks and the market's endemic strengths and cycles. Featuring key case studies and exclusive interviews with successful fund managers Bill Ackman (Pershing Square Capital Management) and Mark Roberts (Off Wall Street Consulting Group), Kumar shows investors how to avoid traps and profit from well-researched short ideas. Investors may not always act on short ideas, but they can avoid losses by using Kumar's framework to identify overvalued stocks. Professionals and amateur investors alike will benefit from this fundamental research approach, which transforms short selling into a long-term strategy.

Short selling (Securities) --- Stocks --- Investments. --- Investing --- Investment management --- Portfolio --- Finance --- Disinvestment --- Loans --- Saving and investment --- Speculation --- Stock prices --- Stockholder wealth --- Going short (Short selling) --- Selling short (Securities) --- Short sales (Securities) --- Short selling --- Shorting (Short selling) --- Hedging (Finance) --- Prices.

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This comprehensive examination of short selling, which is a bet on stocks declining in value, explores the ways that this strategy drives financial markets. Its focus on short selling by region, its consideration of the history and regulations of short selling, and its mixture of industry and academic perspectives clarify the uses of short selling and dispel notions of its destructive implications. With contributions from around the world, this volume sheds new light on the ways short selling uncovers market forces and can yield profitable trades. Combines academic and pr

Risk-taking (Psychology) --- Short selling. --- Speculation. --- Bucket-shops --- Commercial corners --- Corners, Commercial --- Finance --- Gambling --- Commodity exchanges --- Contracts, Aleatory --- Investments --- Stock exchanges --- Going short (Short selling) --- Selling short (Securities) --- Short sales (Securities) --- Short selling --- Shorting (Short selling) --- Hedging (Finance) --- Risk behavior --- Risky behavior --- Taking risks --- Human behavior --- Speculation --- aandelenhandel --- beurswezen --- speculaties --- 336.76 --- 336.76 Beurswezen. Geldmarkt. Valutamarkt. Binnenlandse geldmarkt. Valutamarkt --- Beurswezen. Geldmarkt. Valutamarkt. Binnenlandse geldmarkt. Valutamarkt

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While some short sales are based on information or opinions about a firm’s share price, this is not the case with many others. This statement coincides with the increasing use of arbitrage-related hedge fund strategies whereas it collides with public consensus that blames short sellers for decreasing stock prices and exacerbating the economic downturn. Sebastian Werner examines aggregate short sales and convertible bond arbitrage, which is a typical hedge fund strategy that involves a significant short position in the underlying stock of a long convertible bond position for hedging purposes. Focusing on events of extreme stock price changes and short selling activity, he provides insightful and new observations of the significant difference in the trading pattern, information content and resulting impact on stock returns of arbitrage- versus valuation-based short selling activities.

Arbitrage. --- Convertible bonds. --- New York Stock Exchange. --- Short selling. --- Speculation. --- Finance --- Business & Economics --- Finance - General --- Banking --- Investment & Speculation --- Bucket-shops --- Commercial corners --- Corners, Commercial --- Going short (Short selling) --- Selling short (Securities) --- Short sales (Securities) --- Short selling --- Shorting (Short selling) --- Bonds, Convertible --- Convertibles (Bonds) --- Liquid yield option notes --- Arbitrage --- Law and legislation --- NYSE --- Bourse de New York --- New York (N.Y.). --- Nyū Yōku Kabushiki Torihikijo --- New York (City). --- New York Stock and Exchange Board --- N.Y.S.E. --- N.Y. Stock Exchange --- Nʹi︠u︡-Iorkskai︠a︡ fondovai︠a︡ birzha --- Нью-Иоркская фондовая биржа --- Finance. --- Public finance. --- Economics. --- Public Economics. --- Finance, general. --- NYSE Amex --- Gambling --- Commodity exchanges --- Contracts, Aleatory --- Investments --- Stock exchanges --- Hedging (Finance) --- Bonds --- Convertible securities --- Securities --- Speculation --- Funding --- Funds --- Economics --- Currency question --- Cameralistics --- Public finance --- Public finances