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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis -- Ignore unavailable to you. Want to Upgrade?


To: drakes353 who wrote (1197)6/18/1998 2:52:00 PM
From: Carl Yee  Respond to of 2506
 
EQMDE: Covered yesterday at 5 1/2; trying to reshort a half position today. We'll see.



To: drakes353 who wrote (1197)6/18/1998 3:05:00 PM
From: Carl Yee  Read Replies (1) | Respond to of 2506
 
Found some EQMDE at Discovery. Back in to the short at 7. Any idea why the pop? Dead cat bounce?



To: drakes353 who wrote (1197)6/20/1998 6:35:00 AM
From: Carl Worth  Read Replies (1) | Respond to of 2506
 
Drakes-

I have just recently started shorting stocks, and I saw your post about trying to borrow ZITL with no success. I tried to short SEE last Monday, and according to Ameritrade, they couldn't find any shares to borrow. As I am just starting at this pursuit, I was only looking to short 100 shares, but apparently they weren't out there to be borrowed. Is this common? Of course, since I couldn't get short, the stock dropped 6 bucks two days later and is now 10 dollars below the bid at the time I was trying to short the stock. :)

Thanks for your time, I am learning as I go, and was surprised to not be able to borrow 100 shares of a stock that trades 600k on an average day and is NYSE listed.

Carl

P.S. I also have an account at NDB, would it have made any difference to call them and try to short there when Ameritrade was unable to borrow the shares? In other words, do different brokers have access to shares of different stocks? Thanks again.