As of 5.15.01 there were 4.8M shares shorted. Previous months 3's are; 4.12.01 = 4.5M shares 3.15.01 = 3.9M shares 2.15.01 = 2.9M shares Historical data from 2000 shows a short position between 1.5M to 2.0M shares shorted. Prior to 2000 Shorts were under 1M shares. We are at an all time high in either 3 of shares or % of issued shares shorted. IF(note capital letters) we are closing in on economic stabilization and the market starts an upward move,then the IPO market opens up,VC's increase their portfolio investments, portfolio firms deposit their excess cash in SVB......?!?! Anybody care to speculate what these 4.8M share shorted will do? Perhaps the Mother of all Short Covering befor years end!?!? As always, my opinion only...and it is usually not worth much. Good Holidays to all. bb
I've been buying BUD since '95 and sold some long-term shares once. Since then, I've more than rebuilt my BUD position. I suppose in the right circumstances one could trade BUD with short-term gains; perhaps you mean you traded BUD 4 times in 4 years.
SIVB I've been in since early this year. I wrote the May 70 options which just expired worthless. I look for SIVB to hang in the mid to high 20s, since it just slipped into the 29 level. If we get a lot of NASDAQ choppiness or the IPO window slams shut, SIVB could revisit the low 20s but I'd back up the truck if it did.
tornowl, Just how long would you suggest that investors 'look for a pullback from these levels'?
Today SIVB opened at 27.75, lost a quarter of a point intraday, and then closed at 29.26, just 14 cents off the high. A 5.37% advance on less than average volume may not be spectacular, but the percentage advance on SIVB for today beat the BKX and the BIX by a factor of over 2 times.