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Non-Tech : MB TRADING
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To: Peter H. Hodge who wrote (56)4/22/1998 4:08:00 PM
From: Ross  Read Replies (2) of 7382
 
Point of clarification.

TNTO is the Broker Dealer of MB Trading. KTEL positions had to cover their shorts do to the fact that there was no stock available for borrowing. This is how shorting works pure and simple. If your short you have to deliver shares by settlement. If you or Southwest Securities do not have a inventory you MUST cover. That is shorting, that is what happens on thin stocks.

Ross Diltove
MB Trading
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