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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?


To: wmwmw who wrote (2632)12/7/1998 9:36:00 PM
From: funk  Respond to of 7382
 
I determine a stocks "shorability" by doing a test order.

Set the volume to one share, set the offer to a fraction abov the best offer, and use the ARCA button. If the stock can be shorted in the system the order will go live momentarily, before ARCA kills it due to the odd size.

I never use the stock look up function or the lists.

Never.

If I really want to short a stock that does not pass the test short, I will inquire through the chat room or on the phone. Often they will get me a borrow.

You were dead on about the rest of those names, I tested them, and the order would not go live "red". They are not shortable, at least at the moment.

If tomorrow morning you requested them, I would be interested to know how many if any of them they could get the borrow for.

Hope you can get them all. EWBX looks to be less than 30 days old, If there was an ISLD offer on EWBX right now; I would be tempted to cross it and go long! <ggg>

To do test shorts quick and painlessly try this trick from

phactor.com

scroll down to the bottom of the page.

good night

funk



To: wmwmw who wrote (2632)12/7/1998 10:52:00 PM
From: Colin Cody  Respond to of 7382
 
I tried to short a stock today (ONSL) and the system at first accepted the order but then within 2 seconds canceled the order with a message that the stock is not borrowable.

So is this a good trick to use: Place an order to short 100 shares of the stock at an unreasonably high price. If the system takes it... it must be borrowable. Otherwise it gets rejected with the "not borrowable" message.

Colin