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Gold/Mining/Energy : Solv Ex (SOLVD)

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To: Dominic Cerino who wrote (3215)6/1/1997 11:35:00 AM
From: JJB   of 6735
 
Dominic Cerino

A couple of questions about a brokerage firms ability to lend out shares to shorts.

If shares are held in a non-marginable account such as IRA can they be lent out?

If your account does not include margin agreement by default does this mean your shares are not shorted or should you still take possession if you want your shares not to be shorted?

If shares are held institutionally such as mutual fund, 401K, or part of corporate capital (such as insurance company's of surplus) are they available to be lent out?

Does the "naked short" by market maker and traders in NASDAQ have a comparable in the Specialist systems of other markets? Are NASDAQ Small Caps treated different from rest of exchange regarding shorting?

Do NASDAQ broker dealers report their (naked and covered)short interest?

Understanding a factor that may effect trading of a stock is information investors should be aware of. When the reported short interest is 4,000,000 out of a 10,000, 000 float, investors should definitely take this into consideration in judging risks.

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