Cool tool - IBorrow shows you short stock availability and borrow rates

While reading one of the many blogs I follow I ran across this cool tool which I'd like to share with you:

https://www.iborrowdesk.com/

Interactive Brokers provides data showing borrow availability and the rate you'll pay to borrow the stock.  Using this data however is a bit clunky.  Fortunately IBorrow has come along allowing one to quickly pull up and visualize the data.

For those looking at option strategies, which broad based etf's to short, or other strategies, knowing the quantity and rate of shares available can be important.  I suggest you give it a try.

ht: Glenn Chan

Never bet against The Chanos

Never bet against The Chanos

That may sound like an odd commandment, but it's a good one. I speak of Jim Chanos, the well known short seller.  Speaking highly of a member of such a profession may raise the hackles of some individuals, as well as governments, but I have been following his public pronouncements for quite a while and he may be early, but very rarely wrong.   Post the great recession of 2008-2009 he was one of the first to warn about the construction & credit bubbles percolating in China; and while ridiculed for it his warnings have played out.

I even  have a google alert on "Jim Chanos" (along with quite a few others) so as to catch everything he talks about. Recently I got a hit on a great 90+ minute podcast he did with FT Alphaville.

Podcast: Jim Chanos on the art of short-selling

I suggest you listen to all of it.

Jim Chanos' notes from 2012 Vail ValueX Conference

I had the pleasure of attending the 2012 Vail ValueX conference hosted by Vitaliy Katsenelson http://contrarianedge.com/valuex-vail/
While I will write more about my impressions here's a link to Jim Chanos'  notes.

VALUExVail 2012 - James Chanos


The rest of the presentations are available here -  http://www.scribd.com/VitaliyKatsenelson