Wind River going up, up, up! Message Board

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Technology Stocks : Wind River going up, up, up!

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To: Starlight who wrote (9267)	3/3/2001 12:37:21 AM
From: dday	Read Replies (3) of 10309

FYI, re shorting..... An exchange can only short shares in a type2 account (margin account). If your stock is in type 1 or cash account, the stock cannot be hypothecated (lent). There is a limit to how much stock can be hypothecated---140% of your debit balance. For example, You have a margin loan (debit) of $100,000. Firm can lend $140,000 of stock in the type 2 portion of the account. One stock can be lent or many different ones. Total not to exceed $140,000. At my clearing house, I see the short positions reflected by code on every position. Any broker can call and find what stock has been hypothecated in any account. He can also request that specific stocks not be lent out. I would not lose a lot of sleep over this issue. IMO, the more they short my position the better I like it provided I am comfortable and confident of the fundamentals. Regards Bob

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