Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: cardcounter who wrote (31032)	8/13/1998 10:56:00 AM
From: Knighty Tin	Read Replies (1) of 132070

CC, Sorry about Russia. I thought you were waiting until after the devaluation. All you need to short stock, legally, is a margin account. All brokers allow it. However, very few pay interest rebates on the cash generated, which no pro short seller would ever forego. It is too important a part of the total return. Like giving up the dividends on a utility stock. Most full service brokers pay a rebate to their most important customers and those who threaten them with violence. -g- Discounters generally do not. Stealing the short rebate is one way they make money off those cheap commissions. Just for the record, I recommmend buying puts in a 90/10 options program and not selling short, as it is too risky. MOBIL is awfully big, but I could see a merger of equals with somebody like Elf Aquitaine. I don't remember the SEC filing numbers offhand. MB

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next