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Re: gold56 post# 1087

Thursday, 06/17/2010 5:34:06 PM

Thursday, June 17, 2010 5:34:06 PM

Post# of 13653
I honestly don't know? Anyone please chime in if you know? I know they always put them in "Street Name" which means they can be easily borrowed by shorters etc... I think there may be some differences on the rules of margin accounts vs. cash accounts and what ones can be borrowed and what can't be. I think there might be some kind of "safe keeping" or something that isn't in street name where they can't be borrowed against. If you take delivery then surely you'll be screwed when it comes time to sell because that would be a PITA delivering the cert. etc... The reality is the MM's will sell and buy shares they don't own and keep doing this until the stock hits the Reg SHO list. So even if we all changed our accounts to try and fix the problem the MM's can just keep buying and selling shares they don't own until it hits the Reg SHO. That would make it hit the Reg SHO quicker if we all took our shares out of play. Very interesting point that we should try and find the answer to.
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