Gambling on stock shorts could turn sour
On Wall Street, short interest refers to the volume of betting that a stock will fall. Conventional wisdom says you should buy stocks with huge amounts of short interest. But, you’re often better off avoiding stocks with lots of short interest.
Related Gambling News:
- Review: ‘The Banana Splits’
- Louisiana Business Shorts: Job Fairs, Cafe Dumonde, Chertnoff,…
- Is buying shares like gambling?
- Ameristar Casinos stock down on initiation
- Ameristar Casinos Reports Stock Repurchase Program
- Ameristar Casinos Announces Stock Repurchase Program
- PowerRatings Stock Spotlight: Ameristar Casinos
- Macao’s gambling boom turns sour
- Study: AmericansTaste For Gambling is Slowing
- Parlay Entertainment Announces Grants of Stock Options
- Party Gaming - Stock rose 6.5 percent Thursday
- Station Casinos Enters into Accelerated Stock Buyback Program
Do you know that:
- By the 18th and 19th centuries a dice game called Hazard had become popular in England and was played by the aristocracy in private gambling houses.
- In 1891, Sittman and Pitt of Brooklyn began to manufacture the first nationally known poker card machines. The machines maintained their enormous popularity until just before World War I.
- Charles Fey invented the first slot machine way back in 1895. He went on to perfect his initial innovation in 1907, when he teamed with Mills Novelty Company who manufactured the "Mills Liberty Bell".
- The first recorded betting games were played with marked disks or bones (the forerunners of dice), and spinning wheels or shields.
RSS feed
