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To: Olu Emuleomo who wrote (95853)3/8/2000 5:50:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Yes, it started at about 2pm and I dont know why either. I hope its just marketmakers. Will
have to watch closely.


I was minding the store so did not see it until I checked the change in my portfolio value. I can't watch much tomorrow. Let's see what tomorrow brings.



To: Olu Emuleomo who wrote (95853)3/8/2000 5:58:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
"UPC-11830
In 1993, the U.S. Securities and Exchange Commission approved a
new section of the Uniform Practice Code (UPC) requiring NASD
members to close out short sales in NASDAQ securities that meet
a certain clearing short position threshold. Both NASDAQ National
market and NASDAQ Small Cap Market securities can be restricted
under UPC 11830. Under the rules, the short seller's broker/dealer
must close out short sale of specific securities 10 days after
normal settlement date if delivery of security has not accrued and
the transaction is not exempt. Securities subject to close-out
requirement are those with an aggregate "clearing" short position
of 10,000 shares or more that equals or exceeds one half of one
percent of the total shares outstanding. The NASD will identify
these securities daily based on data from National Securities and
Clearing Corporation and compile a "restricted list." Any
subsequent short-sale transaction in a security on the list that is
not completed by delivery of shares within the prescribed time
frames will be subject to mandatory close-out if a "fail-to-deliver"
situation exists 10 days after normal settlement date.

The rule applies to customer and proprietary short sales, but
exempts "bona fide" market making activities and short sales that
results in a "bona fide" fully hedged or arbitraged position. For more
information, please see NASD Notice to Members 93-95."

Olu,

Possibly there was a lot of shorting in NPSP today??

Quotes
Symbol: Symbol Look-up

NPS PHARMACEUTICALS COM (Q) (NPSP)
This is real-time quote for informational purposes only. The accuracy of this data is not warranted.

Date/Time
3:59 p.m.
Last
25 3/16 (O)
Change
-4 9/16 (-15.34%)
Bid (Bid Size)
25 1/8 (1) (O)
Ask (Ask Size)
25 3/16 (10) (O)
Previous Close
29 3/4
Open
29 13/16
Day Range
25 1/8 - 31 1/8
52-Week Range
3 7/16 - 31 9/16

Volume
838700
Last Trade Volume
500
Block Trade Count
19
Earnings/Share
-1.60
P/E
N/A
Dividend/Share
0.000
Dividend Yield
0.00%
Beta
0.70
Ex Dividend Date
**/**/**

Special Conditions: Short Selling is currently subject to the rule UPC 11830