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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: H James Morris who wrote (25184)11/9/1998 12:43:00 PM
From: OtherChap  Read Replies (1) | Respond to of 164684
 
>ick: Down Short sale subject to UPC 11830
>Why is the 'Thing' the only one of the dream team that has a UPC >11830 warning?

As we've stated before, it is because Datek has a relationship with the Motley Fool and therefore Amazon, and they decided to not allow shorting of Amazon a while back when AMZN stock reached its peak.

As for shortage of shares at other brokerages, it is no doubt to vinik and other insiders grabbing up large blocks of shares for hedging (shorting) purposes. They most likely have a standing order at most major brokerages that "all available shares to short should be given to this list of people as a priority"



To: H James Morris who wrote (25184)11/9/1998 12:45:00 PM
From: umbro  Read Replies (3) | Respond to of 164684
 
what does the UPC 11830, warning mean?

I thought maybe it just meant that the stock can't be shorted on downtick, but I see that YHOO was shown on a downtick, but no warning was noted there.

answering my own question, I did a search on other SI notes and found this definition:

No shares to borrow, and naked shorts have to be covered in 10 days

Sounds like a broker-enforced short squeeze to me.


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