|
PureBytes Links
Trading Reference Links
|
It is my understanding that the way this works
is that when you open up a margin account at a brokerage firm and sign the M
& L agreement that you are allowing the firm to loan your stock out even
though it still shows in your acct. and on your statement each month. As
long as the brokerage firm has stock in nominee street name that has not already
been loaned out that the stock is available to borrow to short. The broker
has to call stock loan and get approval before shorting the stock. In 27
yrs as a broker I've never heard anything about option activity having anything
to do with stock availability as far as stock loan approving the short
sale. I do not believe the average retail investor has
capitulated yet... in fact I heard that $6bln came back into mutual funds this
week.... I would say that as far as the average investor, not dealer, not
specialist or market maker, that as long as they are trying to short a widely
held stock like MSFT or INTC which was in original post.. that I would be
surprised if it was not available to be shorted unless you were dealing with a
very small firm. Earlier this year there was a short run on stocks
like KKD and HAND and those stocks among others were not
available for short sales.. but a stock like MSFT or INTC I'd find that hard to
believe, personally......... J
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Lee Morris
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Saturday, October 06, 2001 1:07
AM
Subject: RE: [RT] VERY HEAVY BLK activity
ON MSFT
how
would heavy option plays tie into this?? could the aval loanable stock be
getting sucked up by the firms to hedge option activity??? if so what would
that option activity be
<FONT face=Tahoma
size=2>-----Original Message-----From: Dorothy K. Carter [<A
href="mailto:dorothy.carter@xxxxxxxx";>mailto:dorothy.carter@xxxxxxxx]Sent:
Friday, October 05, 2001 8:19 PMTo: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxxSubject:
Re: [RT] VERY HEAVY BLK activity ON MSFTThe average
public has to play by rules I layed out I believe.. The pointthough
was the list of stocks that were mentioned which are very
liquidwidely held stocks...... so there should not be a problem shorting
thoseparticular stocks...... that was my point... Your comments
don't point toany reason why those stocks would not be able to be
shorted....... I can'tspeak for dealers or market makers or
specialists.. obviously they don'thave to deal with uptick rule.......
the average investor does ... thoughthere has been talk about changing
the uptick rule.. I know hedge funds arepushing for that change... So
the back to the original question.... Do youreally believe that this
last week there would be a time when stocks likeMSFT, INTC, ORCl
etc could not be shorted unless the stock was notavailable by
stock loan of the particular brokerage firm that this personwas
inquiring??????----- Original Message -----From: "Jacobson, Alex"
<AJacobson@xxxxxxxxxxxxxx>To:
<realtraders@xxxxxxxxxxxxxxx>Sent: Friday, October 05, 2001 8:10
PMSubject: RE: [RT] VERY HEAVY BLK activity ON MSFT> No
uptick for dealer hedge trades in OTC stocks. The $5 rule is to
makeit> marginable. Stock that can't be margined are, in
fact, shortable.....hard> for the general public .. but very common
overall.>> -----Original Message-----> From: Dorothy
Carter [mailto:dorothy.carter@xxxxxxxx]> Sent: Friday, October 05,
2001 8:02 PM> To: realtraders@xxxxxxxxxxxxxxx> Subject: Re:
[RT] VERY HEAVY BLK activity ON MSFT>>> There are three
things to my knowledge that determine if a stock can be> shorted..
the first requirement is most firms only allow margin on stocks>
north of $5..... then you have to get authorization from your
broker'sstock> loan dept. to short it.. thirdly you have to get
an uptick...... all the> the examples below fit north of $5 and
we have seen plenty of upticks this> week... so the only remaining
question would be if the firm's stock loanhad> stock to loan....
I know of no other requirements for shorting stocks..> enlighten me
please if I've missed something........... best,
Dorothy>>>> ----- Original Message ----->
From: "Jacobson, Alex" <AJacobson@xxxxxxxxxxxxxx>> To:
<realtraders@xxxxxxxxxxxxxxx>> Sent: Friday, October 05, 2001
7:50 PM> Subject: RE: [RT] VERY HEAVY BLK activity ON
MSFT>>> It is not true. Other than tick
restrictions. If they became unshortable> for any period the
industry would have had to halt option trading.>>
-----Original Message-----> From: John Nelson
[mailto:trader@xxxxxxxxxxxxxxx]> Sent: Friday, October 05, 2001 7:37
PM> To: realtraders@xxxxxxxxxxxxxxx> Subject: RE: [RT] VERY
HEAVY BLK activity ON MSFT>>> At the Society of Market
Technicians meeting last evening one of the> participants mentioned
that several of the large popular stocks (Intel,GE,> Mmicrosoft)
were not shortable during the trading day. No one would lend>
these major stocks for shorting and thus there was a strong uptrend in
the> E-Mini.>> I'm curious as to what other people
observed... could this be true? Doesit> indicate a form of
"manipulation" and an attempt to move markets higher?>> --
John>> -----Original Message-----> From: Dorothy Carter
[mailto:dorothy.carter@xxxxxxxx]> Sent: Friday, October 05, 2001
11:16 AM> To: realtraders@xxxxxxxxxxxxxxx> Subject: Re: [RT]
VERY HEAVY BLK activity ON MSFT>>> I'm sure you noticed
that "they" were buying MSFT this morning trying to> keep it up
to create firm tone to get S & P traders to cover shorts... now>
softy below 57 again. Richard Ney was the person I'm most familiar
withwho> is a big tracker of blks.. It takes a while to get a
feel for it and itdoes> require a bit of
intuition........ :-)>> ----- Original Message
-----> From: BobR <mailto:bobrabcd@xxxxxxxxxxxxx>> To:
realtraders@xxxxxxxxxxxxxxx
<mailto:realtraders@xxxxxxxxxxxxxxx>> Sent: Friday, October 05,
2001 2:10 PM> Subject: Re: [RT] VERY HEAVY BLK activity ON
MSFT>> That big block technique looks very intriguing.
One other rter used to> follow them. Believe it was Gitanshu
Buch. Right now we have the kiss of> breadth going on in the
Nasdaq. It looks improved from this morning, but> the NDX has
been inching up as the issue and volume breadth has been and> remains
net negative.> View for NYA looks even sicker.>>
bobr>>> ----- Original Message -----> From:
Dorothy K. Carter <mailto:dorothy.carter@xxxxxxxx>> To:
realtraders@xxxxxxxxxxxxxxx
<mailto:realtraders@xxxxxxxxxxxxxxx>> Sent: Thursday, October
04, 2001 11:08 AM> Subject: Re: [RT] VERY HEAVY BLK activity ON
MSFT>> USING MSFT data below.. note the lowest of the blks is
57.. MSFT hasdropped> below the higher blk trades which will now
become resistance vs support..so> once below 57 all the mutual
funds that bot softy are under water... These> stocks many are back
up to 9/17 or pre 911 and the specialists and market> makers will
jump at the chance to sell what they had to buy on the waydown>
and then they will go short again... I WILL CHECK AND SEE WHAT PRICES
OF> BLKS IF ANY ARE ON THE OTHERS... I BELIEVE I SENT CSCO
EARLIER....>> ----- Original Message -----> From: BobR
<mailto:bobrabcd@xxxxxxxxxxxxx>> To:
realtraders@xxxxxxxxxxxxxxx
<mailto:realtraders@xxxxxxxxxxxxxxx>> Sent: Thursday, October
04, 2001 2:02 PM> Subject: Re: [RT] VERY HEAVY BLK activity ON
MSFT>> Dorothy, using the big block concept, what do you see
as the sell levelson> these stocks? Thanks,
bobr.>> MSFT> INTC> QCOM> CSCO>
ORCL> AMGN>>> ----- Original Message
-----> From: Dorothy Carter
<mailto:dorothy.carter@xxxxxxxx>> To:
realtraders@xxxxxxxxxxxxxxx
<mailto:realtraders@xxxxxxxxxxxxxxx>> Sent: Thursday, October
04, 2001 10:51 AM> Subject: [RT] VERY HEAVY BLK activity ON
MSFT>> This tech rally is getting long in the
tooth....>>> Symbol(s)
N/BLK
&
Services
Date>> Use Page Up, Page Down, +, -, or
press Ù>>
---------------------------------------------------------------------------->
----> 1:34 DJ DJ Microsoft Corp (MSFT) Block: 194,700
Shrs At 57.80>> 1:21 DJ DJ General Elec (GE)
Block: 287,000 Shrs At 38.35>> 1:21 DJ DJ Eli
Lilly (LLY) Block: 250,000 Shrs At 79.00>> 1:17 DJ
DJ Barnes & Noble (BKS) Block: 275,000 Shrs At
38.00>> 11:53 DJ DJ EDS Corp (EDS) Block: 190,200 Shrs
At 57.65>> 11:50 DJ DJ Microsoft Corp (MSFT) Block:
190,000 Shrs At 57.96>> 11:50 DJ DJ EDS Corp (EDS)
Block: 190,200 Shrs At 57.65>> 11:42 DJ DJ EDS Corp
(EDS) Block: 190,200 Shrs At 57.65>> 11:41 DJ DJ
Microsoft Corp (MSFT) Blk: 250,000 Shrs At 57.00>> 11:41
DJ DJ Financial SPDR F (XLF) Blk: 667,500 Shrs At
25.43>> 11:28 DJ DJ Microsoft Corp (MSFT) Blk: 250,000
Shrs At 57.00>> 11:13 DJ DJ Qwest Communicat (Q) Blk:
627,200 Shrs At 16.45>> 11:12 DJ DJ Amer Intl Group
(AIG) Blk: 200,000 Shrs At 79.25>> 10:57 DJ DJ Apt
Invest & Mgm (AIV) Blk: 250,000 Shrs At 43.20>>
10:57 DJ DJ Microsoft Corp (MSFT) Blk: 200,000 Shrs At
56.70>> 10:56 DJ DJ SW Airlines (LUV) Blk: 890,000 Shrs
At 16.25>> 10:49 DJ DJ Amgen (AMGN) Blk: 190,400 Shrs At
58.72>> 10:38 DJ DJ Boeing Co (BA) Blk: 444,800 Shrs At
36.10>> 10:38 DJ DJ Microsoft Corp (MSFT) Blk: 231,900
Shrs At 57.00>> 10:32 DJ DJ Apt Invest & Mgm (AIV)
Block: 250,000 Shrs At 43.20>> 10:32 DJ DJ Amgen (AMGN)
Block: 190,400 Shrs At 58.72>> 10:32 DJ DJ Microsoft
Corp (MSFT) Block: 231,900 Shrs At 57.00>>>> To
unsubscribe from this group, send an email to:>
realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>> Your
use of Yahoo! Groups is subject to the Yahoo! Terms of> <<A
href="http://docs.yahoo.com/info/terms/";>http://docs.yahoo.com/info/terms/>
Service.>>>> To unsubscribe from this group,
send an email to:>
realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>> Your
use of Yahoo! Groups is subject to the Yahoo! Terms of> <<A
href="http://docs.yahoo.com/info/terms/";>http://docs.yahoo.com/info/terms/>
Service.>>>>> To unsubscribe from this
group, send an email to:>
realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>> Your
use of Yahoo! Groups is subject to the Yahoo! Terms of> <<A
href="http://docs.yahoo.com/info/terms/";>http://docs.yahoo.com/info/terms/>
Service.>>>>> To unsubscribe from this
group, send an email to:>
realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>> Your
use of Yahoo! Groups is subject to the Yahoo! Terms of Service>
<<A
href="http://docs.yahoo.com/info/terms/";>http://docs.yahoo.com/info/terms/>
.>>>> To unsubscribe from this group, send an
email to:>
realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>> Your
use of Yahoo! Groups is subject to the Yahoo! Terms of Service>
<<A
href="http://docs.yahoo.com/info/terms/";>http://docs.yahoo.com/info/terms/>
.>>>> Yahoo! Groups
Sponsor>><<A
href="http://rd.yahoo.com/M=212180.1660615.3195488.1269404/D=egroupweb/S=17050017";>http://rd.yahoo.com/M=212180.1660615.3195488.1269404/D=egroupweb/S=17050017>79:HM/A=812075/R=0/*<A
href="http://www.verisign.com/cgi-bin/go.cgi?a=b17834980005700";>http://www.verisign.com/cgi-bin/go.cgi?a=b17834980005700>
0>>><<A
href="http://us.adserver.yahoo.com/l?M=212180.1660615.3195488.1269404/D=egroupmai";>http://us.adserver.yahoo.com/l?M=212180.1660615.3195488.1269404/D=egroupmai>
l/S=1705001779:HM/A=812075/rand=176561760>>> To unsubscribe
from this group, send an email to:>
realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>> Your
use of Yahoo! Groups is subject to the Yahoo! Terms of Service>
<<A
href="http://docs.yahoo.com/info/terms/";>http://docs.yahoo.com/info/terms/>
.>>>>> To unsubscribe from this group,
send an email to:>
realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>> Your
use of Yahoo! Groups is subject to <A
href="http://docs.yahoo.com/info/terms/";>http://docs.yahoo.com/info/terms/>>>>
To unsubscribe from this group, send an email to:>
realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>> Your
use of Yahoo! Groups is subject to <A
href="http://docs.yahoo.com/info/terms/";>http://docs.yahoo.com/info/terms/>>>>
To unsubscribe from this group, send an email to:>
realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>> Your
use of Yahoo! Groups is subject to <A
href="http://docs.yahoo.com/info/terms/";>http://docs.yahoo.com/info/terms/>To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
To
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
Yahoo! Groups Sponsor
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|