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Post# of 38879
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negger0

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negger0

Re: Spellbound post# 27170

Monday, 10/01/2007 2:12:11 PM

Monday, October 01, 2007 2:12:11 PM

Post# of 38879
The Securities and Exchange Commission (SEC) has amended Regulation SHO to eliminate the “grandfather provision” effective October 15, 2007.

What do I have to do on or after October 15th?

This amendment does not require NASDAQ to make any changes to its Threshold Security List. However, Participants should ensure that they close out previously-grandfathered fail to deliver positions within the time frames established by the amendment. Participants that do not close out these fail to deliver positions within 35 days will, by rule, be prohibited from accepting any short sale orders or effecting further short sales in these securities until the entire fail to deliver position is closed out.

http://www.nasdaqtrader.com/Trader/News/2007/regulatoryalerts/ra2007-086.stm

Buy,Don'tBuy,Sell,Don'tSell is your decision. My posts are my opinions only. I am neither a professional or an expert so if your looking for help, contact your Financial Advisor.

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