Globalstar Telecommunications Limited GSAT Message Board

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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 58.82

+2.1%

3:33 PM EST

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To: Noel de Leon who wrote (22002)	2/15/2001 1:07:54 PM
From: Souze	Read Replies (2) of 29987

Hypothecate comes from a from a greek word. It means 'to pledge as security without delivery of title or possession', per Merriam-Webster's Cellegiate Dictionary. While your dictionary may not have it, your brokerage account agreement might do so. It's an in vestment term that refers to the loaning out of shares from a brokerage account. Most non-IRA accounts are set up to give the brokerage firm that ability. De-hypothecation reclaims those shares, forcing the person to whom they were loaned to acquire replacement shares; enough of that will induce a short squeeze. I've heard, but don't know the details, that the account owner can request that the loaned shares be 'de-hypothecated', but after a fixed period of time the shares automatically become re-eligible for loan.

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