I Think I'm In The Wrong Line Of Work

This guy and his hedge fund made 67M USD in less than half an hour shorting Lloyds Banking Group. The stock tumbled huge after a company it recently took over was about to report a massive loss. It's not certain that he's even closed out his short, so there may be more to be made.

I like seeing short sellers do well; especially in this market where shorting was banned at one point. It helps to keep the companies 'honest'.

Stocks also seem to have massive moves downwards way more often than upwards. Nice to see someone capitalizing on some company making a fool of itself.

Paulson May Have Made $67 Million in Lloyds Plunge [Bloomberg]