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Collectors Universe Inc. Message Board

  • dbtunr dbtunr Feb 27, 2013 10:44 PM Flag

    Short interest up by 66k to 716,487

    14 days to cover

    I am shocked, shocked how much shorting is going on. There is no selling at all. All the downticks is shorting. 11% of all shares traded were shorts. Where are these shorts going to get the shares to cover after the next earnings release? I may may another 10k purchase if the price goes under $11 again.

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    • Short interest is up in a lot of stocks. That may be a reason Mr. Market won't let stocks trade down. Mr. Market has to make money somewhere, and Shorts are everywhere while Longs are still in decline. Shorts get shares from your broker. Your broker lends them your shares. And Shorts get shares without there being any.

      You can't get a stock certificate, because Wall St. wants your shares for many reasons -- one of which is to lend to Shorts. And without a certificate, you go down with your broker or bank if they go down. That's one reason among many that so many Longs have abandoned the stock market. I laugh at those messages where posters say they have hundreds of thousands of shares -- brokerage account insurance doesn't cover it. And if transfered to a bank there is no insurance at all. That wasn't a problem when certificates were issued.

      I still have stock certificates in companies that no longer issue stock, and I stopped buying stock in a company when I could no longer get a certificate -- except to "trade" against Shorts. I no longer invest, and the only investments I have are in companies where I have certificates. In my opinion, certificates are better than gold and certainly rarer. They've become like the old coupon bearing bonds that no one can get anymore. And like the old bonds when the last coupon is clipped the bond is no more -- when the stock is transferred the certificate is no more. But a stock certificate can be pledged as collateral while you have it. Try pleading your stock your broker has to anyone except your broker for margin.

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