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Politics : Ask Michael Burke

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To: The Perfect Hedge who wrote (26584)	3/11/1998 3:18:00 PM
From: Knighty Tin	Read Replies (1) of 132070

GD, Yes, you can buy big blocks and keep the price from running away from you if you have a broker on the other side who really likes the short position. That may not be the broker's opinion on the stock, but he may have a convertible or a warrant or an option set up long against his short and is willing to play for the commission, the spread, and the rebate on the short sale. Usually, the broker runs out of hedges after a while and he backs off. We will see if it happens in CKR. That is one of the problems with hot poop. Sometimes its really horse poop. I think I've been hanging around my 4 year old buddy too long. -g- MB

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