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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ)
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To: AlienTech who wrote (8734)5/30/1998 9:48:00 PM
From: VLAD  Read Replies (4) of 23519
 
If that is the case then it is the clearing house that is breaking the law. Whatever clearing house the trader is working through MUST have the shares in their inventories or else it can't be done. The clearing house I trade through only allows one to short about 100 stocks on a predetermined list. If that stock is not on the list then you have to make a phone call to the clearing house to see if the stock is available. The software program I use automatically voids the trade if a stock I try to short is not on the short list.
Personally, I find it hard to believe that 70% the vivus float was available for shorting especially since many longs decided to pull shares out of margin accounts. I am thinking of calling the SEC on Monday to see if they can look into the Vivus situation. I smell a rat in this short interest percentage.
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