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  • Rocco Pendola
    $SIRI is listed as "Hard to Borrow" at Schwab. That's interesting. Definitely have not seen that in the last year or so.
    10/31/11
    Reply (12)
    • campusglass: what're the implications of that? sorry its interesting i just don't understand the effect?
      10/31/11
    • JCH57: If you can't borrow it, you can't short it.
      10/31/11
    • Rocco Pendola: It just means that it's tough for Schwab to get you shares to short. More of an indication of possibly considerable bearish sentiment.
      10/31/11
    • campusglass: Is that likley due to high short interest? or ppl not wanting to part with there shares? or either?
      10/31/11
    • JCH57: Could also mean existing holders have sell limit orders in place. Or else there are a lot that are shorted already.
      10/31/11
    • campusglass: Thanks, I got to say I've learned a ton following these forums that I would never learn in my classes.
      10/31/11
    • Rocco Pendola: Could also mean a meaningful short squeeze if the stock goes up.
      10/31/11
    • fastflapp: It means Stern is selling his holdings :~)
      10/31/11
    • Rocco Pendola: Hey now!
      10/31/11
    • mcoulter: could it be related to the 200M shares that were returned to SIRI from UBS and MS
      10/31/11
    • Rocco Pendola: I doubt it. I think lots of short interest ahead of earnings. Again, people could be right to bearish OR a short squeeze sets up. We'll see.
      10/31/11
    • Crunching Numbers: or, it could mean that there are a lot of folks like me that have sold covered calls in non-marginable accounts, like IRAs, SEPs, etc.
      11/1/11