2) This form relates to the disclosure of short positions
in compliance with amendments to MAR 1.
Financial institutions have avoided maintaining a short position
above this limit.
If the short MA is higher by a certain filter than the long MA, a long investment position should be adopted, and if it is lower, a short position
should be adopted.
Among other things, the SROs found that the firm failed to have in place adequate procedures to audit or review its computer systems to ensure that short position
reports were prepared in a manner consistent with SRO rules; written procedures for the supervision of the steps to be followed by firm personnel for the preparation and submission of short position
reports; and systems and procedures of follow-up and review adequate to ensure that the SROs were promptly notified after the discovery of the inaccurate reporting of short positions
Had T closed the short position
using the 1,000 shares purchased in 1995 rather than the newly purchased shares, or had T established a second short position
as to the ABC stock before March 16, 1999, the 60-day requirement would not have been met; a constructive sale would have occurred on Jan.
There were 29 ECM securities with a short position
in October and 11 ECM issues with a short position
of 5,000 shares or more.
Pawson further commented that any discrepancy revealing a short position
in the company's stock will result in a mandatory cert exchange program to force the short position
holders to cover the negative balance.
A short position
of 5,000 or more shares existed in 373 of the approximately 1,000 stocks and warrants traded on the Exchange.
A pair trade takes a long position in a somewhat undervalued security and a short position
in a somewhat overvalued security that are correlated.
TR-5: Disclosure of Short Position
relating to securities which are the
A short position
of 5,000 or more shares existed in 384 of the approximately 1,000 stocks and warrants traded on the Exchange.
Barrick's short position
of about 12 million ounces of gold, believed to have been borrowed from central banks, long has been a major suppressing force against the gold price and against the price of gold mining shares, GATA says.