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Non-Tech : Any info about Iomega (IOM)?
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To: Ben Antanaitis who wrote (23717)5/30/1997 3:40:00 PM
From: Iceberg   of 58324
 
>it occurs when the brokerage has a sell order from an account holder who has his stock in 'street name' and those shares were 'lent' to a shorter and the broker has no more real certificates to cover the real sale

Ben,

Your comments seem to confirm what I suspected. That is, the broker is holding a sell order, and he/she can't produce the certificates. Right? Then if I'm holding a short position, it indicates to me that someone wants to sell what I've already sold, but borrowed. Hence, the buy in. Right?

OK. If this is the case, and transferring the logic to IOM, if IOM shorters aren't getting their shares called in like mine did with JDAS, then that means that the broker isn't sitting on a bunch of IOM sell orders. Right?

Am I missing something here?

Thanks.

Ice
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