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Message Boards Settings International Bancshares (IBOC) - Quote Info
Short Squeeze Anyone?     13-Jun-09 01:02 am    
This morning with a simple phone call to Fidelity, where I hold my IBOC shares in street name, I was able to convert my account from a margin account to a cash account, which means that Fidelity cannot lend my shares to their other customers or to other broker/dealers. Additionally, I asked them to turn off the auto-journalling feature on my account, which is the mechanism that flags a stock as eligible to be loaned to other customers of the firm or to other broker/dealers. If enough IBOC shareholders who own their stock in street name in margin accounts make similar adjustments, the implications for short sellers are obvious. Ever wanted to squeeze a short?


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six1six8

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Minneapolis...


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  Subject Author Rating Time of Post (ET)  
 
Short Squeeze Anyone?
six1six8 Not rated 13-Jun-09 01:02 am  
 
Sadly - iboc is technically dead looking at bband...
gebiz Rate it 14-Jun-09 05:15 pm  
 
An August move is more likely after 2nd quart...
six1six8 Rate it 14-Jun-09 11:34 pm  
 
Could be a big spike coming! Just need ...
gebiz Rate it 15-Jul-09 10:01 am  
 
shorts could be in trouble - no volume. ...
gebiz Rate it 30-Jul-09 10:05 am  
 
You'll be watching the news Friday afternoon and h...
bingomanlit Rate it 23-Jul-09 11:51 pm  
 
on what basis do you make that statement or a...
fortyfour44... Rate it 24-Jul-09 01:15 pm  
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International Bancshares Corp. (IBOC)

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At 4:00PM ET: 16.93 Down 0.07 (0.41%)
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