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 8:43:00 PM
From: Craig Richards	Read Replies (1) of 9285

Don, I've had a short called in once. I was given 3 days to cover my short. I ignored the notice, and the broker didn't buy in my shares, obviously he found them somewhere else. Sometimes when I borrow shares, I'm told that only "broker's shares" are available. If I go ahead with a short sale under these conditions, the broker can call back the shares without any notice. Normal shares have the 3 day notice period before being called. I would imagine that "broker's shares" would be first in the queue of called in shorts. Craig

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