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Technology Stocks : Creative Computers(MALL)
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To: Kenneth Yeh who wrote (414)11/21/1998 8:08:00 PM
From: Kenneth Yeh   of 1634
 
Shorting MALL shares has no effect on UBID shares.

I thought that was pretty obvious but I wanted to clear it up some more. If you short MALL shares, that will have no direct effect on UBID price. If UBID's bid/ask looks like this:

Bid: 14 3/4
Ask: 15

Shorting 100 shares of MALL at the bid will NOT make the last trade of UBID 14 3/4. Similarly, buying 100 shares MALL at the ask will not make the last trade of UBID 15.

UBID's FLOAT IS STILL 1.58 million shares...not the 4.6 million that Tom suggests. YOU STILL CANNOT SHORT UBID until 30 days after the IPO. According to Charles Schwab, I can place orders to BUY UBID SHARES. In fact, I've already placed a buy market order on UBID though I will probably regret it when it opens at a very high price. (But its a very small order so I'm not worried). But I tried shorting it but cannot do it. Oh well.

-Ken
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