Seeking Alpha
  • Tufenk
    $BBRY cost to borrow stock will double next week from 8.5% to 15+%, watch out it happens fast if available at all
    5/17/13
    Reply (15)
    • Tufenk: $BBRY cost to borrow stock will double next week from 8.5% to 15+%, watch out it happens fast if available at all
      5/17/13
    • Noodlez: Can you give some insights on why that should happen?
      5/17/13
    • Tufenk: Yes, because when a stock like $BBRY is hard to borrow like it is, and recalls start now, all short desks start to increase their pricing,
      5/17/13
    • BURAKKUHO_RU: i don'tk now the logic behind this but I called to locate BBRY. They told me that it is more expensive.
      5/17/13
    • wheelz23: HTB stocks cost more
      5/17/13
    • Noodlez: I don't get the recall. Why would they do it now? Plus I doubt the impact if a single bank recalls shorted shares.
      5/17/13
    • Gtg007: @ wheelz23 - what is HTB?
      5/17/13
    • wheelz23: maybe they expect bbry to go up?
      5/17/13
    • wheelz23: hard to borrow
      5/17/13
    • BURAKKUHO_RU: dosen't mean that it is going up. more like it is harder to short; lesser pressure in the south.
      5/17/13
    • RatNuts: Where did you get this information @Tufenk? PLease share the link. Thanks
      5/17/13
    • flatrocky: Thanks for the info But, based on what? please $BBRY
      5/17/13
    • Compaqee: Links & Articles please! Would love to hear that kind of news!
      5/17/13
    • alpha_69: @Tufenik, more you are trying to scare the shorts more they are shorting and bringing the price further down. Likely close below 14.50
      5/17/13
    • Tufenk: I call brokers each day to monitor the cost to borrow and availability of stock to borrow. borrow-ability is lifeblood for shorts
      5/18/13