That's my real issue here...I short some in the 20's and would LOVE to short more on Monday and i'll take the pain, if there is any I'd be happy to watch this spike up another $10 or $20 because unlike TASR this baby has no story, no revenues and no competitive edge in the marketplace..guess if it had real products (instead of the excuses in its SEC filings about "transitioning and rebranding so we have no real sales this quarter").
BUT both my brokers don't have any shares left to short as of Friday afternoon.
Laughing, gerwols I got some from ameritrade at $26 so I feel the pain! But like I told zarman, if you have the capital and the patience (6mos) to just relax and turn off your screen this will find its fair value in due time and we can all find out if we are really that smart.
Hey Tex...you know I haven't had any problem getting shares. I'm in Canada, and maybe investors here haven't caught on, I don't know. But I've gotten share to short no prob. What do you think of knicks research?? Just keeps getting better doesn't it.
That is because Canada does not require brokers to actually borrow certificates from a real owner of the shares. When you sell short in Canada, you are actually printing your own shares, in effect--i.e., naked shorting.
There is a new SEC rule going into effect on April 1st, that requires American brokerage houses to ensure that, if they do business with Canadian short sellers, that the Canadians actually have the certificates. This will put an end to what you are doing.