bullets for LU

yes i can help ;)

EMC is one of the Reg SHO pilot stocks therefore there are no short sale restrictions...

what you are waiting for on NOK is someone who is long to sell into the bid, then you can put your offers up...
eg. nok is 15.89 x 15.90...

15.89 wiped out...
new nbbo is 15.88 a 15.90 and you can't SS at 15.89...
someone has to hit 15.88 before you can post SS offers at 15.89... sometimes I will buy 100 shares at 15.90 and sell them to 15.88 so I can post my SS's at 15.89....

hope that helped...

mnx


Quote from Szeven:

The funny thing is some stocks allow crossing down into the bid and some dont in my experience. For instance as you know i trade EMC everyday, and i can cross down to the bid on any ECN or the specialist at any time. Im not sure why this is, but there is no restriction whatsoever about crossing down to short.

Other stocks that i trade sometimes (EP, L, GLW, NOK) dont allow this and lots of the time (NOK in particular), you can even short at the offer for quite a few seconds. Im not sure what needs to take place in this situation, but if the bid and ask move down 1 cent you cannot even place orders short at the offer. Maybe someone could clarify this for me.
More...
 
Quote from Szeven:

The funny thing is some stocks allow crossing down into the bid and some dont in my experience. For instance as you know i trade EMC everyday, and i can cross down to the bid on any ECN or the specialist at any time. Im not sure why this is, but there is no restriction whatsoever about crossing down to short.

Other stocks that i trade sometimes (EP, L, GLW, NOK) dont allow this and lots of the time (NOK in particular), you can even short at the offer for quite a few seconds. Im not sure what needs to take place in this situation, but if the bid and ask move down 1 cent you cannot even place orders short at the offer. Maybe someone could clarify this for me.
More...

What office you work at? This is basic knowledge you should have been told long time ago. There is list of pilot stocks you can short, you can get the list from one of the Prop allerts 2005 #13.
 
Quote from markcuban:

Steve Tvardek and Monistat 7:

The purpose of Elite Trader is for traders to share ideas and ask questions. The benefit of traders sharing ideas and asking questions is to improve one's trading and subsequently, make more money.

When one is ridiculed for sharing an idea, or asking a question, one is less likely to continue using this site and the purpose for which this site it is intended is compromised.

In the future, perhaps a question you could ask yourself before responding to a thread or probably even opening your mouth in gerneral might be : " is what i am about to say relevant to the topic at hand?". Or maybe learn to embrace saying nothing at all - in most instances, i would imagine, it is going to help your image considerably. At any rate - mocking someone who has a legitimate question is not appreciated. I apologize for not having the worldy skill and knowledge of you two "elite traders". I digress....

E trade pro: Thank you for the feedback. and to answer your question - in the past two days, lucent has sold off .16 cents and getting short shares was difficult, if not impossible b/c of the downtick. Several years ago - bullets were available for big cap stocks and so I would like to know if they are still available.

Thanks
More...

my apologies for being a jackass. i try to keep my thread crap inside but sometimes it leaks out.

bullets for anything are gone. now there are SLPs and conversions. a 1K share conversion for most stocks costs between $250-$350 per month. if a stock is hard to borrow, forget about it cuz the costs wont be worth it. conversions roll on monthly expirations.

on a serious note, you should not need a conversion or SLP to short LU. the mofo is so thick and slow, you could easily short 10K lots without chasing it down more than a penny. offer 5 cents down on NYSE, ARCA, and INET and you will eventually get hit.
 
Quote from swiftmike99:

What office you work at? This is basic knowledge you should have been told long time ago. There is list of pilot stocks you can short, you can get the list from one of the Prop allerts 2005 #13.
More...

I have found that list to be incredibly inaccurate for what i understand it means. I may just not be understanding it correctly, but i thought every stock on that list could be crossed short, which in my experience is simply not the case.
 
You must log in or register to reply here.
Back
Top