Recent content by bidrec

Well, it's been about a month since the Vonage IPO and the [limited] statistics for last month's securities lending are out. Somebody was immediately lending and borrowing the stock on the IPO as per Data Explorers. www.dataexplorers.co.uk performanceexplorers SUMMARY STATISTICS...

I think the question is, if you are going to borrow the shares, where are you going to get them from? Since it is an IPO there ought not be any on the first day. On the other hand if you have a trusted lender and are willing to pay a premium to borrow maybe it is possible to find shares...

NYSE Probes Whether Short Sellers Fueled Steep Decline in Vonage Shares June 9, 2006; Page C1 Securities regulators have launched an investigation into how short sellers may have played a role in the steep decline in the stock price of Internet phone carrier Vonage Holdings Corp. since its...

I think they will start to phase it out on October 1st when it will be theoretically possible to track all of the institutional securities lending transactions. Check out www.agencylending.capco.com/ I should be possible to see who is lending stock they do not have.

Loufah, The record (that I know of) is WILT (Wilt Chamberlain's chain of restaurants, there was one restaurant). I believe it was pulled three days after the IPO. Meyers, Pollock and Robbins was the underwriter.

Ebo, I would like to believe you. Your links (a link with another link) is almost six years old. Modern securities lending has really grown recently. There was enormous demand to borrow two other NYSE listed IPOs right at the time of their offering: NYX and THI. One of my favorite...

empee, I could be wrong here but I believe the sellers are hedge funds. They sell stock that they borrow. They sell the stock on the ECN's which means the specialist on the NYSE is powerless to support the price. Their source for the stock is their prime broker. The prime broker gets the...