Zeev's Ideas

[Koikaze]

ZEEV, PUBLISHING SHORT INTEREST DATA, 06/16/03

06/14: (119418)

(Part 1)
How are you doing with the "drive" to disseminate short positions information at least daily?
(Part 2)
Zeev, I did as I said I would, and drafted a letter members could modify to their liking and send to their congressmen. I included the letter in a post (#msg-971326) suggesting the establishment of a Political Action Board. The post generated an underwhelming response. I haven't mentioned the topic to you because you've been, I believe, preparing for a wedding.

If the members are interested in pursuing this topic, it is up to them to participate. I'll provide as much assistance as I can, but that does not extend to goading others to act.
(*END*)

Thanks Fred, maybe this bunch needs to be motivated, we need mlsoft to give us a sermon with hail and brimstones...


06/14: (119349)
Ze'ev - I don't understand how you can get short info on a daily basis. It would have to be reported by the brokers, and you'd have to get \i{all} the brokers, including overseas ones, where some illegal short-selling is hidden...
(*END*)

Let start with the legal stuff first... like specialists and like short positions, if it can be published for a motnh two weeks after the fact, it can b published at the end of the day, hey, each sale could be marked as a short or normal sale and each buy as a normal or cover buy. They haveto do it anyhow at the nroker level...


06/14: (119353)
It is my understanding this is available EOD for the Big Brokerages that pay the big money for the priviledged information, am i right or wrong?? The rational reform, if this is the case, is that information be made available for free to all. But what exactly are the chances of a snowball in hell??:) Max
(*END*)

The exchanges (and members, the brokerage houses) are now under pressure of having a more "open" and "honest" environment, that is the time such a drive could succeed... They claim they want to level the "playing field", let them level that field with information for all.


06/14: (119358)
Zeev The exchanges (and members, the brokerage houses) have to make money........or they would not exist. So the field can not be level.IMHO.
(*END*)

Then let them be forward and truthful and tell us all the playing field is not even.


06/14: (119377)
Is this inforamation not the property of the Brokerage Houses? Who,afterall,would know at the end of a day,week or month what or who is short and by how much? Maybe only the ones who hold the accounts? If this is true,how is it Congress or the SEC could muster these guys into selling or giving way property that is at the discretion of the property holder in the first place.
(*END*)

This "property" is also known as "inside information" not available to the publics, if they act on such information (and they surely do) they are breaking the law. The only way to avoid breaking the law is to make that information public as soon as it becomes available. Pure and simple.


06/14: (119380)
I understand your stance. How does one proove if they act on such info? I agree with you that they do,but where is the law as it applies to them? Why do you think there is not more attention directed to this. Surely our local representatives could argue the case and pressure the SEC. And should The houses make available the info it would have to be at an expense to those who want it.
(*END*)

That is what Koikaze was trying to arrange, for a ground swell to congressmen forcing them to open the books...


06/14: (119381)
A call to the NY Atty General might prove fruitful. The guy seems to be on a tear and will do an end-run around the weak SEC.
(*END*)

Like Moses, one of my fore-fore-fore fathers, I write better than I speak, lets someone with a sweet tongue carry that task...


**No Date/Number**
Hi Zeev,

I think the daytraders might veto this idea out of hand, but I believe it might be worth considering to bring this very important subject up during trading hours when there are many more threadsters, lurkers and visitors in attendance.

I would further suggest that you retake the initiative and compose a post that could be repeated daily for a period of a week or two.

I would further suggest that a separate Daily Short Sale Report Initiative thread be set up to capture the hoped for responses. It would be helpful if your daily statement, mentioned above, would carry a link to the designated thread to help corral what I think would be, if nothing else, a bunch of good ideas from which to proceed.

Fred is a helluva man, but I think this calls for a group think.

There is a wealth of talent of all sorts roaming these boards and, imo, it wouldn't take but a couple of motivated wordsmiths and DD experts to get this thing off the ground.

Hopefully, this little push will start the ball rolling in the right direction.

Now we need someone to start a separate thread for the occasion, and of equal importance, some folks to improve upon my 'off the top of my head' suggestions listed above.

I mean I can see this spreading to message boards across the Inet.

Can't you?

After all, who would benefit more than the short term traders who could have a better idea if yesterday's rally was short covering or probable new buying as indicated by the morning short interest report.

As my beloved pappy was so fond of saying, "you have to be in it to win it!"

All together now, a one.... a two......

Respectfully, Dan
(*END*)


**No Date/Number**
"maybe this bunch needs to be motivated, we need mlsoft to give us a sermon with hail and brimstones..."
---------------------------------------------------------------
Zeev...

Brothers and sisters we are gathered here today....

As much as I agree with you about wanting to level the playing field with a more even flow of information, and as much as I would like to have current short position data, I know without a doubt it is not going to happen any time soon, if ever. For the same reason we want the data, the folks that have access to it will do whatever it takes to prevent it being made public so they can continue to hold that very meaningful competitive edge over the general public.

Information (not just about shorts) is the crux of the difference between the master players on the street and the rest of us and they will never cede that edge without a fight - to do so would put their trading on the same footing as the rest of us and that would mean that over time many of them would go broke. They are not that much smarter or better than anyone else, they just have access to more current and accurate information - that will not change.

Just my opinion, though.

mlsoft
(*END*)


06/15: (119549) Great job, I like this letter just as it is. It is eloquent and gets right to the point. I will be sending a copy with my name of course (Rocky is sending one too) to my Congresswoman Zoe Lofgren. I have written her before and she is very responsive.

Come on people, get to work and let it be known that the middle class is a force to be reckoned with and not to be taken for granted...

bullwinkle
(*END*)