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To: Jeffry K. Smith who wrote (32329)10/19/1999 3:29:00 PM
From: wily  Read Replies (1) | Respond to of 93625
 
Clearing firms will call around to other clearing firms if they don't have any shares themselves. They make money loaning shares so they want to find them.

It appears there really are no borrowable shares.

w



To: Jeffry K. Smith who wrote (32329)10/19/1999 3:30:00 PM
From: Mohamed Saba  Respond to of 93625
 
When people borrow shares to sell them short, don't those shares get into the accounts of other people, and become available for borrowing and shorting again?
I wonder!
Mohamed



To: Jeffry K. Smith who wrote (32329)10/19/1999 3:32:00 PM
From: richard surckla  Read Replies (1) | Respond to of 93625
 
Or, it could mean that everyone is in a cash account and no margined accounts exist, but this would be unlikely. If all the available stock has been loaned out (shorted) then it would seem to me to have more of an impact on the volume that we are seeing. But then again what do I know?


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