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Technology Stocks : 3Com Corporation (COMS)
COMS 0.001300.0%Dec 18 4:00 PM EST
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To: Robohogs who wrote (43219)5/13/2000 6:18:00 PM
From: David Lawrence  Read Replies (1) of 45548
 
>>You will sell the COMSv, it won't settle until split date.

I believe you are incorrect. You are selling the when-issued security and it will settle on the 3rd business day just like all other transactions. However, it's a covered short by virtue of the long COMS position (assuming the seller holds one), so if executed properly it should not require margin.

I'll gladly stand corrected.
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