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 : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE!
RACE 417.82-0.4%2:22 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bilow who wrote (28797)5/9/1998 9:53:00 PM
From: Marshall  Read Replies (1) of 33268
 
Carl - it's hard to accurately track true short interest. It is my understanding that while the amount of shares held short by a firm's clients must be reported, any imbalances in a MM's internal "non-holdings" do not have to filed as short interest. In other words a MM could feed the market with shares at any time and for as long as it wanted to but, since it is on their records, these things usually balance back out in time.

"Rod" is right though - if a company issues a letter urging its shareholders to "call in their certificates" it often appears to be a cheap last-ditch attempt to ease a short situation.
In other cases groups of investors have tried to band together and initiate this activity on their own but historically this does little more than to aggrivate the entire situation.
The main problem is that the whole system lacks real closure at specific intervals and until the SEC sees fit to re-write the regulations we're stuck with it.

Luckily these type of things usually take care of themselves in time - either the stocks finally get low enough that it becomes attractive for the short sellers to close out their positions and move on or the companies in question begin issuing news which makes being short the shares less attractive.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext