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gotinearly

02/04/01 12:19 AM

#5246 RE: Searobin #5244

When asked about mike ditka, rich smiled and said of course!

Francois+Goelo

02/04/01 1:28 AM

#5248 RE: Searobin #5244

¶ Sear, your understanding of Shorting is INCORRECT....

Putting shares in a Margin Account or placing a sale order at a much higher price WILL FOR SURE make your shares available for SHORTING... Even shares in a Cash Account, which is a bit safer, are routinely LENT by Brokers to Shorters...

The only SURE WAY, is to convert all or a good portion of your stock into CERTIFICATES... Say you have 20,000 shares: split it into 4 x 5000 shares Certificates, leave one or two with your Broker together with a "Stock Power" for each Certificate and keep the rest... The aim is to dry-up DTC and make borrowing more difficult... Many Shorters manage to keep track of the number of shares available in DTC and are more likely to cover, if they see the DTC numbers diminishing rapidly...

Another way to annoy the Shorters, is to tell your Broker to lend your shares and call them back after a short while to force a BUY-IN within the 3 days the Broker has to return the shares to your account...

JMHO, F. Goelo + + +