Sunday, December 16, 2007

Paragon and Bradford&Binge in the top-4 shorts

Short-selling on FTSE250 at 3-year high

"Paragon, the struggling buy-to-let mortgage lender, is the next biggest short in the index with 21 per cent of its shares shorted. Other big shorts include ... Bradford & Bingley, the mortgage bank" Personally, I am going to sell pounds. Euro is safer, Dollar and Yen are good speculative bets.

Posted by confused76 @ 09:37 AM (554 views)
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2 thoughts on “Paragon and Bradford&Binge in the top-4 shorts

  • link doesnt work

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  • Already done

    We pulled all our Sterling out of savings and with-profits-bonds (and yes they did do very well this year) – and converted to Euros. Sadly we should have done it a month earlier but we do seem to have missed the worst of the recent fall of the Pound against the Euro

    I note that not many “news” organisations look at the EUR-GBP exchange rate – which is odd as a huge proportion of our trade is with Europe and NOT the US.

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