SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: timers who wrote (19821)3/11/1999 10:51:00 PM
From: QuietWon  Read Replies (2) | Respond to of 122087
 
Can someone tell me if it's having an Instanet acct that makes it easier to get shares to short or makes it faster to short? appears no one wants to answer any questions. The other questions I have are:
1) how does offshore shorting work? if it's the same way as an on-line broker anywhere, then I don't see how it's easier or faster. So, is it Instanet that makes it faster and easier to short?
2) does anyone have a better or the correct link for Anthony's post mentioning a site www.ghsecurities.ky/home.htm ? Every time I clicked on that I get "contains no data" error message. I tried html instead of htm, and still got the same error message.
3) is the above securities firm a specialist in shorting? are there any others?

Though I've been able to see/anticipate the turns, and then of the times when I think to short and try, I seem never to get the shares. If it takes more than a bit, I cancel. Either I have a) the wrong stocks (and this is probably the case b/c I watch a bunch of them) b) have a broker that doesn't get the shares and takes too long to check for availability c) has a slow web site d) I don;t leave the order in long enough (I do limits at ask, maybe it should be at market).

My returns are way way way way smaller than what Archer said he's done with Anthony ($500,000 in 3 months!). I'd be happy with 10% of that and in 6 months or 12 months from shorting strategies. Right now, the amount I've made shorting is much less than 1% of my long strategies.

It does make sense I believe to short as it seems things come down faster than they go up. Any help is appreciated in answering my questions. Thanks.



To: timers who wrote (19821)3/12/1999 2:27:00 AM
From: Richard Miller  Read Replies (2) | Respond to of 122087
 
I was on-line during that time with IMCL. IMHO you got a good fill. The market makers were playing games dropping their bids. Nothing Watley could have done any better IMO. Be happy.

Richard



To: timers who wrote (19821)3/12/1999 5:18:00 AM
From: eims2000  Read Replies (2) | Respond to of 122087
 
Others may disagree with this (and they may be right) but in my experience with Datek and Etrade, if a stock is falling like IMCL was I always wait for the bounce and then place a market order. If I place limit orders (chasing the bid) then by the time I get them filled the price is usually lower than if I had simply placed a market order right away. You know, a stop limit probably was the way to go on this one. Since we were expecting 20 to 100 as an open then placing a stop limit would probably have been more efficient since if it didn't open strong then we would have gotten out of it early anyway.