Federal National Mortgage Association Message Board
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TRIED TO SHORT FNM.....None AVAILABLE
I tried to short a few shares of Fannie Mae since eventually the common shares will not be tradeable anymore and it will go to Zero. Come on! Everyone knows by now it's going to Zero. This is SERIOUS SERIOUS SH*T. It is the same situation as Sirius Sattelite. Fannie Mae is nothing more than a quick trade for a fast buck. There is no staying power and it is going to ZERO. I couldnt short any trades at Ameritrade!!!
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You need to change brokers....
Interactive Brokers had greater than 10,000,000 shares available today....
Symbol: FNM
Availability: >10'000'000
Exchanges: ARCA, ATD, BATS, CBSX, CHX, CSFBALGO, CSFBCROSS, DARK1, DBALGO, DRCTEDGE, EDGEA, IDEAL, ISE, ISLAND, JEFFALGO, LAVA, NASDAQQ, NITEECN, NSX, NYSE, TMBR, TRACKECN, VWAP, MIBSX, IBSX- 1 Reply to gheeze
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Yeah, IB would be my choice. Play futures as well. TWS isn't great, however you can use any front end through the API.
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Pure drivel, I shorted all day and covered all day.
Get Scottrade, your service sucks.- 1 Reply to mardermj
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I have Scottrade. I am trying to put in a Stop Limit Order to Short the FNM market at 7.10 - it is currently at 7.35ish. Order system says currently no available shares to short!
So Scottrade seems to have this issue too!
What to do? Will I not be able to short AT ALL?
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Keep trying -some kind and benevolent shorts will surely find you some shares tickets to borrow for the boarding pass on the short train to oblivion...
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