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Non-Tech : Krispy Kreme Doughnuts, Inc. (KKD)
KKD 21.000.0%Aug 4 5:00 PM EST
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To: lawdog who wrote (82)4/7/2000 7:51:00 AM
From: Oak Tree   of 1001
 
They probably don't have any shares to borrow to then let you short. The same thing happened with another definite short that I know of NTWK. What can also happen, is that the float could be much smaller than you think. If insiders actually own most of the float and the float was small to start with. Owners of stock then can prevent their shares from being shorted. (you can require that your shares not be shortable by telling your broker), then the price can skyrocket and won't really go down until the insiders start selling.

Also, sometimes short shares become available. If you really want to sell short, just keep trying, you might get some through. The danger is that you are most likely to get them through when the stock is going up and you have underbid the market.
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