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----- Original Message -----
From: "Dorothy K. Carter" <dorothy.carter@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, October 07, 2001 1:04 AM
Subject: Re: [RT] VERY HEAVY BLK activity ON MSFT
> Norman.. let's look at why they are loaning it.. so a client can short it
> and pay a commission to the broker.. HELLO!!!!!!!!!!!!!!!
NW: No, they are loaning the stock so they can earn the stock loan fees such
as interest on the credit balance. This source of income often exceeds the
commission end of the biz. Given the recent deep discounts on stock
commissions, I am sure the stock loan fees and interest they rip off from
the public is more important than ever as a source of income.
Cheers,
Norman
>
>
> ----- Original Message -----
> From: "Norman Winski" <nwinski@xxxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Saturday, October 06, 2001 11:34 PM
> Subject: Re: [RT] VERY HEAVY BLK activity ON MSFT
>
>
> >
> > ----- Original Message -----
> > From: "Dorothy Carter" <dorothy.carter@xxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Sunday, October 07, 2001 12:45 AM
> > Subject: Re: [RT] VERY HEAVY BLK activity ON MSFT
> >
> >
> > > That was what I was saying.. Norman.. That was implied... they are in
> > > business to make money so if they can loan stock they will..........
> If
> > > they don't do the business they don't make $$$ mulah....
> >
> > NW: They may be able to loan the stock, but that doesn't necessarily
mean
> > they will make money. The profit motive is the deciding factor. It is
not
> > whether they can do the business or provide the service. Stock loan
fees
> > are in part based on supply and demand. Too much short stock may mean no
> > fees are being paid on that stock loan.
> > No dough, no go
> >
> > Cheers,
> >
> > Norman
> > > ----- Original Message -----
> > > From: "Norman Winski" <nwinski@xxxxxxxxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Saturday, October 06, 2001 11:15 PM
> > > Subject: Re: [RT] VERY HEAVY BLK activity ON MSFT
> > >
> > >
> > > >
> > > > ----- Original Message -----
> > > > From: "Dorothy Carter" <dorothy.carter@xxxxxxxx>
> > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > Sent: Saturday, October 06, 2001 10:05 PM
> > > > Subject: Re: [RT] VERY HEAVY BLK activity ON MSFT
> > > >
> > > >
> > > > > They are in the business to do business.. if they have it to loan
> they
> > > > > will..
> > > >
> > > > NW: They are in the business to make money. If they can make money
> with
> > it
> > > > money, they will.
> > > >
> > > > Cheers,
> > > >
> > > > Norman
> > > >
> > > > >
> > > > > ----- Original Message -----
> > > > > From: "John Nelson" <trader@xxxxxxxxxxxxxxx>
> > > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > > Sent: Sunday, October 07, 2001 12:57 AM
> > > > > Subject: RE: [RT] VERY HEAVY BLK activity ON MSFT
> > > > >
> > > > >
> > > > > >
> > > > > > Are they required to loan stock? Since its held in street
> > > > > > name I imagine that its at the firm's discretion. But what
> > > > > > do I know?
> > > > > >
> > > > > > -- John
> > > > > >
> > > > > > > -----Original Message-----
> > > > > > > From: Don Thompson [mailto:detomps@xxxxxxxxxxx]
> > > > > > > Sent: Saturday, October 06, 2001 10:03 AM
> > > > > > > To: realtraders@xxxxxxxxxxxxxxx
> > > > > > > Subject: Re: [RT] VERY HEAVY BLK activity ON MSFT
> > > > > > >
> > > > > > >
> > > > > > > Sounds like its time to call the SEC...
> > > > > > >
> > > > > > > Don
> > > > > > > ----- Original Message -----
> > > > > > > From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> > > > > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > > > > Sent: Saturday, October 06, 2001 10:29 AM
> > > > > > > Subject: Re: [RT] VERY HEAVY BLK activity ON MSFT
> > > > > > >
> > > > > > >
> > > > > > > > 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
> > > > > > >
> > > > > > >
> > > > > > >
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