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.

Technology Stocks : Zapata (ZAP) -- Ignore unavailable to you. Want to Upgrade?

To: Ken M who wrote (235)	7/17/1998 10:13:00 PM
From: RJC2006	Read Replies (1) \| Respond to of 1206

<<<Why would the specialist be short this stock unless he thinks it is going down and he can cover his short position at a lower price?>> To accumulate at any price but make a hedge in case it does go down before he is finished with his volume target number? You asked what other reason there was not if it made a lot of sense!

To: Ken M who wrote (235)	7/17/1998 11:35:00 PM
From: Von	Respond to of 1206

Ken, To a degree, the NYSE is like a WalMart, that's why its called a market. They talk about sellers and buyers. But can you imagine a day with 700,000,000 shares changing hands and there just happened to be 350,000,000 buyers and 350,000,000 sellers and each one wanted exactly what the other one had- It just does not work that way. When you place a "Sell" at market the stock goes on the their shelf. When a "BUY" order for that stock is placed, they reach up and get it off the shelf. Thus if wanting 1000 shares of a stock you do not have to wait to find a seller, the "Market" has it. Now, the "Specialist" for a stock is allowed by the SEC to "Sell Short" meaning the self is bare this stock, he will get more of the stock later to cover and is so busy the SEC allows him up to thirty days to report that he sold short. This is an overly simple example,but the basic way it woks. IMO Good luck investing,short or long