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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: bazooka who wrote (3781)	11/3/1998 10:00:00 PM
From: bazooka	Read Replies (1) \| Respond to of 4969

does anyone know how i can get nyse and amex short interest info. similar to what is offered at (nasdaq only): viwes.com if no site is available what other ways can one derive short interst for listed stocks? thanks in advance. bazooka

To: bazooka who wrote (3781)	11/4/1998 7:34:00 AM
From: steve goldman	Read Replies (1) \| Respond to of 4969

Morning Bazooka.. I'd be glad to try to answer as many of those questions as possible: First, be sure to take a look at yamner.com, as well as the Yamner University. We've had a few Chat sessions re; trading listed stocks and as well there are a few Documents in the Yamner Univ. that might help. If there is interest, I'd be glad to host another listed Chat session...if anyone is interested, send me an email at steve@yamner.com or PIM' me. >1.can you please explain to me how the specialist can handle all the floor traders as well as the super dot system at the same time (does a clerk handle the computer side of it? Each specialist is differnet but most have electronic terminals which maintain the book on the stock. They know the inside market and let people autopost and auto execute against the book. Since the specialist isnt making the market, but rather making money on a per share basis for matching, if her computer system works well, she might not have much to do at all except to sit back and watch it go, AS FAR as electronic orders are concerned. For floor traders, there is much interaction and usually a clerk or the specialist simply enters the orders into the system to adjust the book. On many stocks its quiet orderly and quiet, yet stop by the LU book the day they have earnings and its a madhouse. 2.when i am shorting a listed stock on DOT does the specialist know that i am short? (you must mean going short). Yes, absolutely..you must enter the order as a short and the code on superdot (atleast on my terminals is SS1000LU MKT or SS1000CS12. the ss designates Short Sale. You can only short on the proper uptick. Also, short market sales have no standing against limit orders at the proper uptick. 3. Floor traders advantages - If an electronic system is working and autofilling, then an electronic system could beat a floor trader to the dance, yet if a large buyer were in the crowd, he might tell the specialist of his intention to work a piece and then the specialist might disable the autofill system. I have no idea how others handle your orders, whether they go via superdot, through a firm like Madoff or Troster, through a floor broker, through a third market maker, in whole or part, or to a non-primary exchange such as the Boston, Pacific exchanges, etc. Specialists dont want to make markets...too risky. They want to make 1/2 a cent on every share that trades through them. Its more profitable than that saying about owing a few mcdonald's franchises. Regards, Steve@yamner.com