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Suppose I wrote some covered calls
against a stock in my margin account, does that then remove that number of
shares from the "loan" pool for others to short?
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Ira Tunik
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Friday, October 05, 2001 10:28
PM
Subject: Re: [RT] VERY HEAVY BLK activity
ON MSFT
Try ratio back spreads for one or bear spreads for
another. In one case volatility is your friend and you don't care where
it moves as long as it moves far and fast. In the other case you need a
move down. Either will accommodate short stock. There are numerous
other strategies that can utilize short stock, but this forum is not the place
to discuss it. Ira
Lee Morris wrote:
<FONT
face=Arial>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
size=-1>-----Original Message----- <FONT
face=Tahoma>From: Dorothy K. Carter [<A
href="mailto:dorothy.carter@xxxxxxxx";>mailto:dorothy.carter@xxxxxxxx]
Sent: Friday, October 05, 2001
8:19 PM To:
realtraders@xxxxxxxxxxxxxxx <FONT
size=-1>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 [<A
href="mailto:dorothy.carter@xxxxxxxx";>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 [<A
href="mailto:trader@xxxxxxxxxxxxxxx";>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 [<A
href="mailto:dorothy.carter@xxxxxxxx";>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
<<A
href="mailto:bobrabcd@xxxxxxxxxxxxx";>mailto:bobrabcd@xxxxxxxxxxxxx>
> To: realtraders@xxxxxxxxxxxxxxx <<A
href="mailto: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
<<A
href="mailto:dorothy.carter@xxxxxxxx";>mailto:dorothy.carter@xxxxxxxx>
> To: realtraders@xxxxxxxxxxxxxxx <<A
href="mailto: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 <<A
href="mailto:bobrabcd@xxxxxxxxxxxxx";>mailto:bobrabcd@xxxxxxxxxxxxx>
> To: realtraders@xxxxxxxxxxxxxxx <<A
href="mailto: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 <<A
href="mailto:dorothy.carter@xxxxxxxx";>mailto:dorothy.carter@xxxxxxxx>
> To: realtraders@xxxxxxxxxxxxxxx <<A
href="mailto: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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