Globalstar Memorial Day Massacre Message Board

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Technology Stocks : Globalstar Memorial Day Massacre

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To: rf_hombre who wrote (206)	5/16/2000 7:06:00 PM
From: Maurice Winn	Read Replies (2) of 543

Hombre, I have never been paid to hold shares in margin accounts either. I signed an agreement allowing them to lend my stock, but didn't realize at the time that [according to some in this stream] brokers sometimes pay for the privilege of borrowing the stock to lend to short sellers. Of course it makes sense that they do pay people to lend their stock, the same as it is worth it to pay interest on cash deposits which they can lend out at higher rates. So the GGMDM will be self-limiting at some price as people move their shares from cash accounts back to a state where they can be loaned and payment received by way of interest on that loan. I'll check with my broker and see whether they would like to rent my stock from me! If they are prepared to pay me for the privilege at a rate of something like 6%, I think I'd be tempted to let them borrow my stock, even if it did push the price down a little - my little Tonka-Truck would not flood the market so it would not push the price down far. It's all very interesting! My experience with media in general is that invariably, and I mean invariably, they get things wrong when one knows the actual facts about something which they report on. For example, a photo was alleged to be Irwin Jacobs and it was in fact somebody else. People who don't recognize him would be none the wiser. I've seen that happen several times where they actually publish the wrong photo and incorrectly claim it was somebody. The latest fashion is to describe what somebody is doing in a caption under a photo and when one really thinks about the photo, it is obvious that the caption writer doesn't have a clue what is going on in the event represented by the photo. They just make it up! The WSJ is part of that inaccurate reporting effort. That's okay though - we all get things wrong. As long as there aren't too many people like simpleton Dweeb who just lifts his opinions directly from the WSJ we should do okay. Dweeb didn't even apologize for his threatening and obnoxious insults. I think he had some pathetic comment in his personal profile about being nice to children...unlikely I expect. I notice he didn't come back to justify his stupidity. Mqurice

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