What's the scoop? Hiring 1000. Short position decreasing. Stock price falling? Hear ye, hear ye who here hears or knows MF. I don't mean your buddies who we all know are MF'ers.
Senior VP Brady over there let the cat out of the bag. Everyone knows that they are going to have a bad 3Q. That and the financial times said that many banks are expecting profit misses & layoffs very soon. Remember that report that said 1000 new hires is just a "plan" and Fitch just said yesterday that MFs "plan" wasnt clear yet so they still have a negative outlook.http://finance.yahoo.com/news/Fitch-MF-Global-ratings-apf-616469550.html?x=0&.v=1 This stock is going sub $5 I think. Might pick up a few shares at $2.50-$3....or maybe not.