SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : VALENCE TECHNOLOGY (VLNC)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Larry Brubaker who wrote (14623)9/16/1999 8:56:00 AM
From: kolo55  Read Replies (1) of 27311
 
Larry, you must be unfamiliar with shorting.

In my account, when I am short shares and buy the same stock, I can choose to either cover my short, or hold the newly acquired shares long. If I cover, the short position drops. If I choose to hold the newly acquired shares long, then the short position remains unchanged.

Right now I have two stocks where I have both long and short positions in the same account (VLNC is not one of them).

Rich is correct in pointing out this is one way that a hedge fund can push a stock down without waiting for an uptick. If the fund has an inventory of both long and short shares, they can short on upticks, and sell from their long position to the bid on downticks. This is the kind of action we have seen from several MMs.

Paul
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News