8/8 I was trying to short BIDU (Baidu) just now, and it says, "Currently
no shares available for shorting". Anyone has experience with these
things? Would it help if I call in to the broker?
\_ Basically it means that not enough shares are held by other clients
of your broker. When you short you're generally borrowing shares
from other clients. If few shares of BIDU are held in your broker's
other accounts, or those have already been shorted, you can't short
it without causing an uncovered (naked) short. Your broker *may*
be able to borrow shares from another broker.
\_ thanks, tried a few times to short starting from $146 all the way
down to $130 but no luck. calling scottrade up also didn't help.
now it's $116. oh well.
\_ thanks, tried a few times to short starting from $146 all the
way down to $130 but no luck. calling scottrade up also didn't
help. now it's $116. oh well.
\_ Buy options then
\_ I think options are usually not available for stocks that just had
its IPO.
\_ I think options are usually not available for stocks that just
had its IPO.
\_ "Now the shares' meteoric rise have captured the attention of short
sellers, who are wondering when it will be time for them to move
in. Sources said the shares aren't yet available at Wall Street
lending desks, but are expected to show up by mid-week after the
initial purchases of the stock are settled."
Answering my own question. - op |
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