Monster volume on down Gaylord day

By Geert De Lombaerde Posted on September 24, 2009 at 12:24 pm

Shares of Gaylord Entertainment are down big for a second day in a row following the company’s announcement of a big capital raise. After falling more than 14 percent yesterday — a drop that erased the previous five days’ gains — Gaylord (Ticker: GET) is giving up another 6 percent.

The difference with yesterday is in the massive number of shares changing hands today: By noon, investors had traded almost 7.4 million shares, a whopping 20 times the stock’s daily average. Shares coming in as part of the offering are likely a big part of the story, but there’s a good chance short sellers are having their way, too. Yesterday, they accounted for about 80 percent Gaylord’s volume, according to one market watcher.

UPDATE at 3: 41 p.m.: Gaylord Thursday volume ending up totaling almost 12 million. The stock recovered slightly during late regular trading, but is giving up another 3 percent after hours and is now trading at $20.08.

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Tags: debt offerings, Gaylord Entertainment Co., hotel management, short sellers, stock offerings, stock valuation  

Why the credit crisis will last

By Geert De Lombaerde Posted on March 10, 2009 at 11:18 pm

Several important market indicators have regressed to their worst levels from late last year, which means cash will remain hard to get for many companies and individuals – and that any stock rally is short-lived.

“With those four things showing more and more strain, there’s a disconnect with equities rallying the way they are,” Lutz says. “If they keep trading this way it’s definitely an indication that there could be another leg down in stocks.”

See also: Short sellers, not Citi, spurred the rally and Even solid firms feel pinch as lending remains tight

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Tags: credit, credit crunch, economic indicators, economy, short sellers, stock valuation  

Off Wall Street guru says short Psych Solutions

By Geert De Lombaerde Posted on December 28, 2008 at 7:48 pm

Mark Roberts – whose claims a .800 batting average over the past 20-odd years – says the behavioral hospital operator (Ticker: PSYS) will struggle with lower occupancy and higher numbers of uninsured patients next year.

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Tags: Off Wall Street Consulting Group Inc., Psychiatric Solutions Inc., short sellers, stock valuation  

Squeezing the shorts?

By Geert De Lombaerde Posted on December 8, 2008 at 1:06 pm

One site tracking the market thinks Franklin-based Clarcor (Ticker: CLC) is about to do just that.

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Tags: Clarcor Inc., short sellers, SqueezeTrigger, stock valuation