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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: RSkarsten who wrote (981)	12/12/1998 12:47:00 PM
From: Ed Pakstas	Respond to of 15703

Q. >>>If I short sell stock that Pete owns To Tom, and all of us have different brokers, does the transaction show between my broker and Tom's, or Pete's broker and Tom's ?<<< A. Your broker and Tom's... >>>If it shows between mine and Tom's then all one would have to do is backtrack to the stocks IPO, see what houses have created deficits of shares, and that would be your short sells. Is this correct? <<< Unless your short hundreds of thousands of shares, no not necessarily... There's no way one can tell whether a company is short a small amount of stock... I use the House Positions primarily to determine which brokerages are accumulating stock and at what average price... I use them secondly to see if they are selling large amounts of shares that they don't appear to have purchased within the last year... Given that, one may conclude that they are either: 1) Jitney trading for a large holder of shares... 2) Shorting into the market and covering with option or warrant stock that has a predetermined exercise price... Point 2) is really to satisfy myself that that is the reason there is an unusal amount of shares being sold... I also look at how they are being sold... If it's large blocks of stock that is being crossed with in the House, it usually means that these are arranged trades...If it's just plain bid whacking with numerous houses buying then it's a signal for me to unload, cause they are hyping the the stock just to get some buying in for their own benefit... For example: Go into SW and pull up the the trades for the last three months on LAB/vse... Take a high volume day and then go into Trade Station and pull up the trades for that day... Notice the type of trades that occured for that day... After you have done that, go into FCP/tse and take a look at yesterdays trades that Yorkton conducted... You'll find that most of the block trades that occured were within house... The smaller ones were hit's in order to conduct the larger ones...IMHO it appears to me that they were conducting some sort of financing arrangement Hope this helps... ...ed