Tag Archives: Shorted

Report shows Katrina victims in poorer areas were shorted thousands in federal rebuilding relief

Report shows Katrina victims in poorer areas were shorted thousands in federal rebuilding relief

New Orleanians stranded on a roof in the aftermath of Hurricane Katrina, Aug. 30, 2005. (Vincent Laforet/Pool/AFP via Getty Images) A recent report from ProPublica, a nonprofit news organization, reveals data showing that some of the hardest-hit victims of Hurricane Katrina were shortchanged tens of thousands of dollars on average by a federal program meant to help residents to rebuild. ProPublica, in partnership with New Orleans media outlets the Times-Picayune, the Advocate and WWL-TV, Source link

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3 ‘Strong Buy’ Stocks That Are Heavily Shorted

Shorting stocks can bring an investor serious profits – but there’s commensurate risk, as well. Basically, the short trader is betting that a stock will fall in price; it’s the opposite of most stock trading, in which the investor wants the shares to gain. Gaining, of course, is the risk in a short trade. There’s no ceiling on a stock’s potential gains, and in theory, a particular stock can see its price increase infinitely. But in a short sell, the trader has made the initial… Source link

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