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.
Biotech / Medical : Vivus: into single digits
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: MIKE DUBIS who wrote (599)6/16/1998 10:55:00 PM
From: VLAD  Read Replies (1) of 1016
 
MIKE,

If you know more tell me but this is what the SEC guy told me:

A market maker can short a stock that he does not have in his inventory as long as the money put towards the short is in his account and he has 10 days to cover this non borrowed position.

This is a scary fact and it tells me that the market makers can move a stock in whatever dirrection they please so long as they have the money to do so. They can short excess shares and then cover and reshort and recover on daily cyles. We have no control over this and are no more than dust in the wind.

If someone wants to prevent Vivus from going below 6 1/8 they only need to place a large block buy order at 6 1/8. This shows on a level III screen which only institutions have privy to.

VLAD
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