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Gold/Mining/Energy : Altair Nanotechnologies -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (517)9/25/1998 8:33:00 PM
From: Kailash  Read Replies (1) | Respond to of 603
 
Thanks, Barbara -

sounds sensible. BTW, couldn't forcing shorts to cover be a bearish sign, if it means that people who own the stock want to sell it and can't lend it out anymore?

Kailash



To: Mama Bear who wrote (517)9/26/1998 9:04:00 PM
From: Ploni  Read Replies (1) | Respond to of 603
 
I was thinking of shorting ALTIF when it was much higher, and unfortunately never did.

I haven't tried to obtain shares from my broker, and don't know if they'd be obtainable.

Regarding rushing to cover when a broker gives notice of an intent to call in shares, I'm not sure that's a good idea, or a sign of an impending squeeze. I was short WDRY and hurried to cover when my broker notified me that I had three days to do so. Since then I've read that investors who wait the three days may find that the brokers will find other shares, and never carry out an involuntary call-back. WDRY has fallen about 50% since I covered, and I'm obviously sorry that I didn't try to hold on to my short position.