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Non-Tech : Web Street Securities (WEBS)

WEBS 19.42

-1.7%

Dec 5 4:00 PM EST

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To: J.Fox-President,Web Street Sec who wrote (179)	1/4/1998 11:59:00 PM
From: Mama Bear	Read Replies (1) of 1339

Well, I got tired of waiting for you to respond to my question concerning extra allocation of funds for shorting. I called 1 800 Web Street and spoke with the fellow there who assured my that initial requirements for a short position was indeed 50% of the selling price. That, combined with the fact that my return last month would have been considerably higher with your "free" commissions on 1000 share or better trades caused me to mail a check Friday. If FredPuppet is correct and I'm not allowed to initiate a short position of $1 for every $0.50 in my account I will pull that money out faster than I put it in. But I think there has to be some mix up, because were Fred to be correct, it wouldn't be very competitive of your organization, and you do seem very competitive. I hope that we have a long and mutually profitable relationship. Barb

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