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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Silent who wrote (15563)	12/13/2002 1:15:21 AM
From: Dan Duchardt	Read Replies (2) \| Respond to of 19219

I don't know the answer to the question of whether shares can be shorted "more than once", but it is conceivable that when certificates are not issued they could be. Many brokers require that shares be held "in street name" specifically because it enables them to loan the shares for shorting. From what I hear, this is a fairly lucrative business for them. In the absence of certificates, it is all a numbers game and each broker can make all long shares available for shorting. As far as I know there is no distinction between original issue shares and long shares created through short transactions. Still, the stocks I look at rarely have short interest in excess of 10 to 15% of the shares outstanding.