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I can confirm that there had been some problems to short widely held stocks.
A lady friend of mine tried to short AMZN with e-Trade and the answer was:
no AMZN available to loan. I can not believe that no e-Trades customers hold
AMZN so my guess is that e-Trade and some others (who cater exclusively to
the individual investors who has a long biais) were orchestrating a short
squeeze and manipulation seems very likely to me.
Jean-Jacques
www.alterama.com
----- Original Message -----
From: "Dorothy K. Carter" <dorothy.carter@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, October 05, 2001 8:18 PM
Subject: Re: [RT] VERY HEAVY BLK activity ON MSFT
> The average public has to play by rules I layed out I believe.. The point
> though was the list of stocks that were mentioned which are very liquid
> widely held stocks...... so there should not be a problem shorting those
> particular stocks...... that was my point... Your comments don't point to
> any reason why those stocks would not be able to be shorted....... I can't
> speak for dealers or market makers or specialists.. obviously they don't
> have to deal with uptick rule....... the average investor does ... though
> there has been talk about changing the uptick rule.. I know hedge funds
are
> pushing for that change... So the back to the original question.... Do you
> really believe that this last week there would be a time when stocks like
> MSFT, INTC, ORCl etc could not be shorted unless the stock was not
> available by stock loan of the particular brokerage firm that this person
> was inquiring??????
> ----- Original Message -----
> From: "Jacobson, Alex" <AJacobson@xxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, October 05, 2001 8:10 PM
> Subject: RE: [RT] VERY HEAVY BLK activity ON MSFT
>
>
> > No uptick for dealer hedge trades in OTC stocks. The $5 rule is to make
> it
> > 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's
> stock
> > 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 loan
> had
> > 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?
Does
> it
> > 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 with
> who
> > is a big tracker of blks.. It takes a while to get a feel for it and it
> does
> > 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 has
> dropped
> > 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 way
> down
> > 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 levels
> on
> > 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
> >
> >
> >
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