The study looked at performance of the stocks prior to July 19. The July 15 SEC Order date should have been used, resulting in greatly different conclusions.
uh, larry, the order became effective July 21.
Everyone began covering their shorts on July 15. For instance, JPM went from a low of 29.24 on July 15 to over 40 on July 19; an increase of more than a third. Using July 19 as a reference date obviously skews the results of the study.
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Betty
http://www.my-foreclosures.info
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