Tasr

It doesn't help you.

I was just saying that it's not impossible to get shares.

 

I said there were probably a few shares here and there to get. Also, you could be floating around a sell on a long stock position. So I don't know what that does. Either way, like I said, I know there is short stock out there, one third of the float is short, so they must have gotten it somewhere. It's just hard to borrow.

 

FYI--- One of the news services is reporting a rumor that Rumsfeld is making a major a announcement at 3:30 EST.

Only a rumor, we'll see.

 

On TASR? Or news in general?

 

I have no open position in TASR right now....good luck with the rest of the day.

 

Now they are saying it's in regards to the fighting in Iraq.

 

Then you're leaving $7500 on the table with the arbitrage.

riskarb

 

just FYI, it's very expensive to borrow this stock.
so any edge i think disappears eventually.

 

Yes, but I would have to lock up my borrowed shares for a month and a half...and I wouldn't be able to short the stock anymore.

"Lock in" $7500 or trade it for six weeks...I'll take the trading.

 

Yeah but the $7500 is risk free. Your trading is not.. How do you know this stock is not going to flatten out? You know the old saying, a bird in the hand is worth two in the bush.