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.
Strategies & Market Trends : Roger's 1998 Short Picks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: McNabb Brothers who wrote (16898)1/12/1999 1:46:00 PM
From: Eric Klein  Read Replies (3) of 18691
 
Have you ever heard of this?

On E-Schwab when you choose a transaction you can buy, sell, or sell short. I mistakenly sold some stock that I didn't own. When I called to try to cancel the mistaken sale, they said "No Way!". I could either buy the stock today so that when the transactions settle in 3 days the shares were in my account, Or, They could try to find shares to borrow to convert the sale into a genuine short sale. I accepted this (stupidity is it's own reward) but it got me to thinking.

Could you do the same thing deliberately? i.e. Sell shares you don't own, but without the formality of first borrowing the shares. If so, it would allow the day-trade short sale of any stock, irregardless of whether there were any shares available to lend, irregardless of whether there was an uptick in the stock price.

What do you think?
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