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Royce Value Trust, Inc. Common Message Board

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  • chiquitbumbalabimbomba chiquitbumbalabimbomba Apr 20, 2003 3:10 PM Flag

    Discounts/Premiums to NAV

    Besides the novice investors, one of the reasons some of these stocks stay at such impossible premiums is that it's impossible to short them, there's some rule called Nasdaq UPC 1150 which prevents shorting of a stock where the short interest has reached a certain percentage of the float..

    You'd think in the land of capitalism the market would be allowed to take these things down as low as the laws of supply and demand determine, but I guess that's not the case in clubby Wall Street land..

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