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Good-Til-Cancelled

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Good-Til-Cancelled

Re: fung_derf post# 80798

Wednesday, 08/18/2004 5:09:12 PM

Wednesday, August 18, 2004 5:09:12 PM

Post# of 359151
I agree - there was no major buying yesterday at all. What I meant was that on 9/24, if there's a naked short position, the MMs have to produce the appropriate number of UCAD shares to cover the CMKX shares that are shorted.

Maybe it's cheaper to cover with UCAD shares than CMKX shares. Especially if they force down the UCAD shares...

GTC

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