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Non-Tech : Any info about Iomega (IOM)?
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To: FuzzFace who wrote (23317)5/23/1997 3:09:00 PM
From: Iceberg   of 58324
 
>if the institution's supply of long shares in all its margin accounts is less than the number of short shares outstanding in all its margin accounts, the excess shorts are called in. Whether it is done under FIFO, pro-rata, or some other method, I haven't heard. Sounds like pro-rata if only 20 of your 800 are being called in.

Edwin,

I agree. Your comments seem to confirm what I suspected. I admit I know little about this. However, 20 called-in shares of my 800 shares just happens to be 2 1/2 percent. This seems to be a number that could possibly be consistent with the "pro-rata" scenario you mentioned. It would seem to me that a "FIFO" scenario would more likely be all-or-none of one's borrowed shares.

But I'm like you--I don't know just how this works. I'd like to quote you here..."If anyone really, really knows for sure, I'd like to hear the full, correct answer."

Me too, Edwin.

Thanks for your insights.

Ice
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