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Strategies & Market Trends : Point and Figure Charting

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To: Sir Auric Goldfinger who wrote (25514)	8/2/2001 6:36:28 PM
From: Dan Duchardt	Read Replies (1) of 34811

Sir Auric, Something I've always been curious about: How many times can the same share of stock be shorted? What I mean is, if person A buys stock from the company and holds it long forever (at the broker), their broker has the right to lend it for shorting to person B. Now person B sells it to person C who holds it at a different broker, and that broker then lends it to person D to sell short, etc., etc. Or is there something that prevents that from happening. Is a share somehow tagged so that it can only be shorted once? OT I've wondered the same thing about dollars earned in a year. Person A earns a dollar and pays tax. Then he pays person B for a service, and person B pays tax. Person B pays for a product, and part of that represents a profit on which a corporation pays tax. A lot of that dollar pays salaries of the employees, and they pay tax. If all of these people are high income, the IRS gets more than a dollar in taxes on the same dollar. Obviously there is some fundamental law of economics that says this cannot happen with all dollars, but it does make one wonder. Dan

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