Can't Short AMAT

Discussion in 'Order Execution' started by Eldredge, Nov 26, 2002.

  1. def

    def Sponsor

    just sent a note to the treasuary group. won't hear back from them until tomorow.
     
    #11     Nov 26, 2002
  2. def

    def Sponsor

    The initial feedback I rec'd that AMAT is currently available and should have been available. They'll research what happened and hopefully fix the hole that it slipped through. EXPE however is a legitimate hard stock to borrow.
     
    #12     Nov 27, 2002
  3. I (we?) always appreciate a fast, straight answer. Makes life just a little easier every day. Thx.
     
    #13     Nov 27, 2002
  4. Eldredge

    Eldredge

    Thanks def, there doesn't seem to be a problem today.
     
    #14     Nov 27, 2002
  5. u130747

    u130747

    I like it. Truth is always good.


    Bert:D
     
    #15     Nov 27, 2002
  6. def

    def Sponsor

    just a follow up:
    without getting into specific details, the problem with AMAT had to do with the way the rate was recorded into our system (the different nomenclature had to partly do with a case when stock is lent out overseas). In any event this made the system believe that it was a hard to borrow. This is a rare case which wasn't originally included in the specs. by now the programming group should have made the changes to prevent it happening again.
     
    #16     Nov 27, 2002