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Technology Stocks : Data Broadcasting Corp. (DBCC) -- Ignore unavailable to you. Want to Upgrade?


To: esecurities(tm) who wrote (4875)7/1/1999 8:07:00 AM
From: ReGenesis99  Respond to of 5102
 
Dear esecurities:

After visiting the "Short Chart" link you posted, I am not certain as to how to read.

Would you mind explaining the meaning of the numbers? For instance does a high ratio mean there are a lot of shares short?

Many thanks for you help in advance.



To: esecurities(tm) who wrote (4875)7/6/1999 10:30:00 AM
From: esecurities(tm)  Read Replies (2) | Respond to of 5102
 
[07-06-99 10:20 AM ET] ESIGNAL MAY BENEFIT FROM YET ANOTHER FALLOUT OF THE INTERNET PARADIGM SHIFT:FOREIGN EXCHANGE TRADING AS EVIDENCED AT FOREX '99.

"Internet Trading: The New Kid Of The Block"

"...Internet trading technology could replace fund management as the new career path for foreign exchange traders squeezed out of their jobs by banking mergers, the launch of the euro, and shrinking spot market liquidity.

With everything from the millennium bug to the sagging euro on their minds, one of the things catching the eyes of some 1,000 currency market professionals attending this year's annual Forex industry gathering in Milan is the coming of the age of the Internet in the forex trading universe...The clearest evidence to back up their claims of a paradigm shift in trading patterns was on display along with their products -- a sales staff mainly composed of former foreign exchange dealers, some of whom had suffered the squeeze in forex staffing as recently as this year. For them, the industry is not dying, just mutating, as it has done many times in the past.

''The forex market has always evolved with the technology and when the technology moves on, so does the forex market,'' said one former spot forex dealer now promoting a net trading firm.

The Internet is also revolutionizing the way banks earn money from their foreign exchange business.

Increased transparency is sapping the lifeblood from interbank trading, which for decades has thrived on arbitrage opportunities available in markets less easily accessed by the end user.

The foreign exchange needs of companies doing business across borders and investment funds holding overseas securities are becoming increasingly important for banks blinded for years by the profitability and sheer size of the interbank market. But banks such as J.P. Morgan and Canada's CIBC are forging closer links with corporate clients and funds and using the internet to do this..."


Source: MILAN (Reuters)
dailynews.yahoo.com

note re: reply-4875/6: "* Ratio = Shares Short / Avg Daily Volume; it may be used as a rough measure of days to cover."--based on June's numbers DBCCs data would suggest it would take appx. one (1) day to cover all shares short given DBCCs short position and average daily volume.