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Thursday, November 16, 2006 11:39:29 AM
I believe it would be a good thing from the supply demand side if everyone who is LONG would make sure that their shares, held in street name, could not be hypothecated (lent out). The best way to do that is to move them out of a Margin account if that is where they live. Open a separate, cash-only account and put them there, and buy them in the cash account in the future.
The purpose of this is to reduce the number of shares the SHORT side is able to borrow without being naked the position. It may also facilitate the covering of existing short positions as the currently lendable shares are removed from circulation.
Can anyone help verify or refute this concept?
TIA
JL
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