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 : Thermo Tech Technologies (TTRIF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul J. Sharga who wrote (32)8/8/1996 9:49:00 PM
From: DDS-OMS   of 6467
 
Paul: All the 14+ MM for TTRIF are "wholesalers"--no retail brokerage houses make a market in it. A MM does not have to borrow the stock to short, neither does he have to sell on an uptick like you or I do. A MM can sell "naked" shorts--sell stock he doesn't have--planning to buy back later at a lower price from another MM or on the open market. This works OK as long as the stock is going down or can be driven down, but has obviously potential for disaster if the stock begins to run up. As an aside, I dont know of any retail brokers who will let you short a stock they dont hold, i.e. no naked shorts--so I dont see what this restricted status accomplishes.

>How long can a the shorts keep borrowing stock to keep driving it down?< They (non MM) can do it as long as their broker has stock on hand in margin accts to lend for short selling--I guess several million more shares! But realistically who is going to short a stock at 1.50? Would you?

After all above is said, I really dont think that the short pos. is a large factor in this huge vol we're seeing--Simply put there are a large # of sellers and a few more buyers, hence the small price rise lately. If we see the selling dry up appreciably, we could see a fast run up at any time. At least this is what I'm hoping for.

Here's hoping!

Gary

PS short sellers are not stupid, so who is shorting a quarter before expected profitability of TTRIF?


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

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News