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I can confirm being unable to sell short with the responce from the
brokerage firm "No stock available to loan on AMZN".
After having shorted it three times from February to June, (upper teens to
the 10-12 area), my last two attempts to sell it as it rallied back up in
early July, were met with the above statement from Schwab?
don ewers
----- Original Message -----
From: "Jean Jacques Chenier" <JChenier@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, October 06, 2001 6:52 AM
Subject: Re: [RT] VERY HEAVY BLK activity ON MSFT
> 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??????
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