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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: Bilow who wrote (3322)8/27/1999 5:22:00 PM
From: Saulamanca  Read Replies (1) | Respond to of 18137
 
So you think that at no time during the day the number of shares being held actually exceeded the float ?

--Jim



To: Bilow who wrote (3322)8/27/1999 5:50:00 PM
From: Paul Viapiano  Read Replies (1) | Respond to of 18137
 
Bilow,

Nice post...riddle me this, sil vous plait?

When the train wreck known as NEON was trading at 42, shares were available to short (we're talking Datek here).

Since it crashed down to 19, it has become an un-shortable stock.

What do you think is the cause of this?

Thanks, Paul



To: Bilow who wrote (3322)8/27/1999 8:15:00 PM
From: marketbrief.com  Respond to of 18137
 
hi carl when I attempted to short GRIN on Wednesday and Thursday, my order was rejected both times... I believe it is unshortable... fwiw NTOP and IMAA were also unshortable, at least through Waterhouse.

~Smart$



To: Bilow who wrote (3322)8/27/1999 11:19:00 PM
From: funk  Respond to of 18137
 
Don't forget to mention double counting.

I never owned more than 200 shares at a time, but my contribution to the number of shares traded that day was twenty times that. So huge trading volume does not imply illegal shorting on such a stock.


Our trades often get marked down twice on Nasdaq. That would certainly be a factor.