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Non-Tech : Datek Brokerage $9.95 a trade
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To: Mama Bear who wrote (8437)5/4/1998 5:59:00 PM
From: Rubber Man   of 16892
 
They couldn't *gasp* borrow the stock?

I think this is kind of getting out of hand, with KTEL et al.

Since they manually key in non-marginable stocks > $5, perhaps Datek was informed that their exposure is reaching critical limits (ie they will not be able to borrow the adequate stocks in time with their clearing company).

It's a no-brainer short at the open- whoever pulled the trigger
should count themselves lucky.
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