Posted AT 11:50 AM EDT on 16/05/08
Eric Sprott: Short sellers tarnished my IPO
Star hedge fund manager Eric Sprott admits he was taken aback by his company's less than stellar stock market debut Thursday, and figures short sellers were behind the massive trading volume.
“I have to believe or think or conclude that there must have been some significant short selling,” Mr. Sprott, the founder, chairman, chief executive officer and controlling shareholder of Sprott Inc.
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| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | -535.02 | 9,065.16 |
| DJIA | -128.00 | 8,451.19 |
| S&P 500 | -10.70 | 899.22 |
| Nasdaq | +4.39 | 1,649.51 |
| Stock Profile | Sponsored by: |
|---|---|
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The close: Stocks gone wild!
Dow, S&P 500 down 18.2 per cent on the week
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