Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Don Westermeyer who wrote (7488)	11/24/1997 7:27:00 PM
From: Anaxagoras	Read Replies (1) of 9285

<<When a broker forces someone to cover shares because some shares become unavailable (for instance if someone takes posession of shares from a heavily shorted stock), how is it decided who's shares to call? >> Houses can choose between FIFO (first in, first out) or lottery; at least, that's what they're suppposed to do. If you receive notice, make sure you ask why your shares have been selected and ask what method they use. At least they won't think they can snow you quite as easily if that's what they're up to. Anaxagoras

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