Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Square_Dealings who wrote (68167)	4/23/2001 8:09:39 PM
From: Michael Collings	Read Replies (1) \| Respond to of 116753

I can absolutely 100% confirm that a cash account has nothing to do with whether or not a stock is available for shorting. If the firm is holding your stock in street name it makes no difference whether its in a cash account or a margin account. If there is enough stock available in total a firm can loan the shares. You may be confusing a "safe keeping" account where shares are registered in your name and therefore not available to firms. And I'd report the specialist canceling your gtc order to the SEC. In any case, I hope they short the he$$ out of my gold stocks. I view a great deal of shorting as a positive not a negative. Let them short. Just means more buying down the road.