I do want comments on the retreat, just not on my web skills, just in case, LOL.
Don
Don
Quote from chasedream:
anvil, would you mind sharing your spreadsheet with us?
Quote from Don Bright:
Well thanks, always nice to hear!
Yes, some stocks are "hard to borrow" - and have to "located" by the Clearing Firm. Our traders who consistently trade these stocks, place an ongoing request for permission to short, enter a code into their Redi machine, and then can short just like any other stock. Goldman Sachs has an excellent shortable list, but on a rare occasion, we may not be able to locate something, but very rarely. Your group may or may not have access to this locate feature, you should certainly ask.
Our traders come in with between $15K-$100K, with the average probably about $20K for new people and $50K-$75K for long term seasoned traders from the trading floor or other Firms.
Hope this helps,
Don
Legal Stuff (changing October 15)
As defined in Rule 203(c)(6) of Regulation SHO, a âthreshold securityâ is any equity security of any issuer that is registered under Section 12 of the Exchange Act, or that is required to file reports under Section 15(d) of the Exchange Act (commonly referred to as reporting securities), where, for five consecutive settlement days:
There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security;
The level of fails is equal to at least one-half of one percent of the issuerâs total shares outstanding; and
The security is included on a list published by a self-regulatory organization (SRO).
A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days.
The Securities and Exchange Commission (SEC) has amended Regulation SHO to eliminate the âgrandfather provisionâ effective October 15, 2007. Please refer to Regulatory Alert #2007-086 for complete details.
And, this might get placed in Stocks and Commodities, do you mind? I'm never sure what they're going to publish, but these may be of interest.