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.

Biotech / Medical : WAND (Milestone Scientific) -- Ignore unavailable to you. Want to Upgrade?

To: Smart_Asset who wrote (371)	4/9/1998 8:06:00 AM
From: patlew	Respond to of 717

How does one short this stock? Just call your friendly broker and say: " Please sell short 10,000 shares of WAND at the market". You could use a limit price but just don't miss the sale. Later

To: Smart_Asset who wrote (371)	4/9/1998 1:05:00 PM
From: A_consumer	Read Replies (2) \| Respond to of 717

Tam....you need a good broker. You simply go short instead of going long....on a short, you are betting it goes down instead of going up. The mechanics are as follows: You need to borrow the stock in order to sell it. So the first thing you do is ask your broker if he/she can borrow the stock. They may not be able to borrow it because 1) the float is thin (and insiders can own a large percentage of the shares that are already illiquid), and 2) the institutions that are long sometime get smart and request their broker NOT TO LEND out their stock. Assuming your broker can borrow, then they can sell it. They can only do this on an uptick in the stock. good luck.