Sec. Ross Says Navigator Holdings Wasn't a Typical Short Sell

The transcript features a discussion with Wilbur Ross, US Commerce Secretary, about the involvement of senior government officials in short selling. Ross clarifies that his transaction was not a typical short sale, as it involved no profit or loss. He explains the mechanics of short selling and distinguishes his actions as a technical compliance with stock exchange rules. The conversation concludes with appreciation for the opportunity to clarify misunderstandings.

What was the initial reaction to senior government officials being involved in short selling?

• It was ignored by the public.

• It was expected and accepted.

• It was considered illegal.

• It was surprising to many.

What was the nature of the transaction involving Navigator shares?

• It was a typical short sale.

• It involved a significant profit.

• It was a technical compliance with stock exchange rules.

• It resulted in a major loss.

How did the speaker describe the transaction compared to a typical short sale?

• It was a typical short sale.

• It was more profitable.

• It was illegal.

• It was a technical means without profit or loss.

What is a typical short sale according to the speaker?

• Selling shares you own.

• Borrowing stock, selling it, and profiting if the price drops.

• Buying stock and holding it.

• Selling stock at a loss.

What was the speaker's stance on government officials engaging in typical short sales?

• It is mandatory for officials.

• It is a good practice.

• It is not suitable for government officials.

• It should be encouraged.