Novell (NOVL) dirt cheap, good buy? Message Board

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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: dwight vickers who wrote (17443)	9/21/1997 2:20:00 PM
From: Paul Fiondella	of 42771

Being short in a blow-off I had a discussion with my broker about this. Theoretically if you short a borrowed stock and the owner panics and runs for the door and if the broker cannot find another stock to loan you, then you could suffer a broker induced liqodation of your position. However this condition I was told was more a function of inventory than anything else. For example if INTC dropped 20 points and volume hit 30 million shares, the likelihood is that the broker still holds a a similar amount of shares before and after the bloodbath in inventory. THese shares are then available to loan out to the shorts.

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