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post #1 of 11 (permalink) Old 05-20-2011, 10:15 AM Thread Starter
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Damn..

So I want to short sell some linked-in stock but etrade wont let me "we are unable to borrow shares at this time". That sucks, is it because they know that shit's price is fucked and they (the brokerage) don't want to loose money or is it because it was just offered and they just haven't had time to purchase any yet?

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post #2 of 11 (permalink) Old 05-20-2011, 10:18 AM
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Isn't it trading at 101 today? Yikes that high and can't last...
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post #3 of 11 (permalink) Old 05-20-2011, 10:20 AM Thread Starter
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yeah $45 IPO yesterday, $101 today, the highest price per revenue of any stock... Besides, linked in sucks lol

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post #4 of 11 (permalink) Old 05-20-2011, 10:35 AM
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my guess is that they didnt get your shares bought at the 45 IPO so while they dont have the shares you bought they are saying they do to buy time

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post #5 of 11 (permalink) Old 05-20-2011, 10:44 AM
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It just mean they don't have any shares in their inventory. Everyone will probably try to short sell and they only can do that at a margin of what they bought during IPO.
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post #6 of 11 (permalink) Old 05-20-2011, 10:44 AM
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b/c IBs are still buying their own IPOs.... wait till they start dumping it , then short.

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post #7 of 11 (permalink) Old 05-20-2011, 10:49 AM Thread Starter
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my guess is that they didnt get your shares bought at the 45 IPO so while they dont have the shares you bought they are saying they do to buy time
I'm not buying any of that crap, I'm just interested in shorting it, which means I"m looking to "borrow" the investment bankers shares, but they're telling me they don't have any I can borrow at this time...

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post #8 of 11 (permalink) Old 05-20-2011, 10:49 AM Thread Starter
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It just mean they don't have any shares in their inventory. Everyone will probably try to short sell and they only can do that at a margin of what they bought during IPO.
Gotcha

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post #9 of 11 (permalink) Old 05-20-2011, 10:58 AM
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It just mean they don't have any shares in their inventory. Everyone will probably try to short sell and they only can do that at a margin of what they bought during IPO.
Yep. This is to prevent selling what doesn't exist.
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post #10 of 11 (permalink) Old 05-20-2011, 11:04 AM Thread Starter
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Yep. This is to prevent selling what doesn't exist.
That didn't stop the mortgage bond traders in 2005-2008

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post #11 of 11 (permalink) Old 05-20-2011, 11:13 AM
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Yep. This is to prevent ethically selling what doesn't exist.
Fixed.
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