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Strategies & Market Trends : Shorting stocks: Mechanical aspects

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To: drakes353 who wrote (83)8/3/1998 1:34:00 PM
From: Ken Brown  Read Replies (1) of 172
 
Seems to me you should be short the rights.

It wouldn't be the first time I've been given an incorrect answer by Datek. It's rather like calling the IRS - every time you call, you get a different answer!

Since the rights expire in one month, though, if I were short, seems like I could just wait until the end of the month, and they'll be worthless. This is all quite interesting. I'll post an update, if I find out anything of interest during the month.

Ken
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