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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Kailash who wrote (29977)4/14/1999 9:50:00 AM
From: Lucky888  Read Replies (2) | Respond to of 122087
 
Same here!

they only got me 200 shares, damn!

L.



To: Kailash who wrote (29977)4/14/1999 10:02:00 AM
From: Nazbuster  Read Replies (1) | Respond to of 122087
 
FLBK - Dreyfus didn't have any either. I've been thinking about this, theoretically speaking. Imagine what kind of short squeeze could happen if there is more of a short interest on a stock than shares in float. You'd could have 2 people scrambling to cover for every share that exists!

The volume on this over the last few days has been pretty heavy for a stock with 4M shares in float. Any guess on how much is short?



To: Kailash who wrote (29977)4/15/1999 8:33:00 PM
From: steve goldman  Read Replies (4) | Respond to of 122087
 
Kail...when you are shorting and there is no upbid, and the stock tanks from 40 to 35 in 5 minutes, there is nothing you can "get". What you can do, what we do do and what was done, is that your stock is represented on the offer. If you were watching the stock, HRZG had a crossed market, (situation where the bid is actually greater than the offer) which auto-rejects any attempt to put anything on any ECN and since you cant hit a downbid, you end up being stuck doing nothing. Ecns wont take it and no upbids to hit...
Infact, tony and I were working this very same stock probably the same time someone else in my office was working it for you. It was a joke. And HRZG was to blame. But ultimately you need someone to take your stock. The best we can do is offer it. I surely wont take it for my own account.
Better luck next time.
-steve@yamner.com