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mcsharkey

11/27/15 10:05 AM

#38923 RE: houtheman #38922

Good Morning Houtheman, on InteractiveBrokers (IB), the available shares to short not a reliable indicator. Canary in the coal-mine kind of technical analysis used for oxygen level indicators. Get the hell out of the mine when the canary dies. IB availability ties in well with short activity is all.

IB is back to 300K right now. The data I saw this morning may have been a database refresh. IB seems to be a 24 hour exchange. Seen the refresh entry in upper right portion of IBs screen hold entries for all hours, all days.

You have to have $10K cash with them on hand at all times to have an account. I just browse.

Back in the OTCC days, they approached brokerage access to over 25% of the declared shorts. We just had SABBY and another underwriting group holding minimal levels as institutional investors.

With IB, us little guys will have fees, and you have to maintain that $10K cash on hand level. I'm not an account holder but it intrigues me. You can get your equities registered as beneficial shares somehow, and become your own lending institution.

Minimal amount held there when we went to the mixed shelf. From the time of coming off the mixed shelf up to the cotton announcement, there was an available bank of 50K normally available. Swung around that, and returned. Thinking it was one holder. Since the cotton we've risen up steadily with the short interest increase. Now, between 300-to-450K regularly.

Traders Workstation is the IB application for account holders. They have a .pdf users guide available for download. I page through it every once in a while.

Nice day here in Florida. Got some honey dooozzzz to get done.

VR
Mike