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Strategies & Market Trends : Short-selling - Information and discussion -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (13)	12/2/2003 5:36:21 PM
From: chris	Respond to of 74

Great work Peter, keep it up.

To: peter michaelson who wrote (13)	12/2/2003 8:11:10 PM
From: tyc:>	Respond to of 74

I went to short a stock several days ago and was told that while I could do so, the (major Canadian) broker had no stock to lend. This is puzzling because the stock is very liquid with over 6 million shares being traded today in Canada and the USA. The fellow I spoke to could offer no explanation, I wonder if you could. I should mention that there are warrant issues related to the stock and that the stock trades below $3.00 per share and therefore shorting it requires 100% margin for the small investor . Is it possible/likely that hedge funds are so dominant as to command all available stock for their warrant/stock hedges ? Is such a situation a common occurrence?