"A man is not finished when he is defeated. He is finished when he quits."

Wednesday, January 25, 2012

Again with shorts unavailable

Today is the irst time since the last writing that TNA has been not readily available for shorting. I have no idea, as stated before, what this means. The market and TNA specifically have climbed since the week it was not readily available to short, so certainly it wasn't an indicator that a drop was imminent.
It is unusual, in my experience... if anyone who is reading would like to speculate, please feel free.

Thursday, January 12, 2012

Again

As of about 10 minutes ago, TNA shares available to short became unavailable. Yet, the market still goes up. This is peculiar... four days in a row, but the first time I've seen shares unavailable to short even on one day in the past year...


****UPDATE: On Friday, next day, TNA was also unavailable to short in the afternoon.

Wednesday, January 11, 2012

Oddity in TNA

I have been watching TNA every day for over a year... it's pretty much all I use to practice trade. All four days this week in the afternoons, TNA borrows for shorting have been very hard to come by on Interactive Brokers. Those familiar with the IB platform know that when shares are not immmediately available to borrow, the dark green bar comes up next to the ticker. Well, in the afternoons this week, that dark green bar has been present, with the longest timeframe being on Monday, to my best recollection. To put in perspective, this is the first time in over a year that TNA has been not immediately available for shorting. These bad-boys are being grabbed up at a high rate, it seems. I am not experienced enough to understand the inner workings of market operations so I cannot come up with all the reasons why this might be happening. Intuitively, however, my gut is telling me that shorting is becoming popular and shares are possibly being accumulated. I have no proof of this, but this certainly is a rare occurance on Interactive Brokers.
Regular followers of the market know that we are at a critical point in the markets right now, and may become a big inflection point. Some very good traders as well as some hedgies (based on what I am reading) have gone to cash and/or are bearish. I try not to let others opinions steer me, but my read has been a bearish one for a couple weeks. Early last week, I moved all our 401K into cash. We'll see what happens... this market stuff sure is fun to watch!