Advanced Radio Telecom (ARTT) Message Board

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Technology Stocks : Advanced Radio Telecom (ARTT)

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To: SteveG who wrote (210)	8/25/1998 9:50:00 AM
From: GVTucker	Read Replies (1) of 1176

Steve, re: your statement <<As far as shorts- the only shares of the 32MM float that can be shorted are those that are owned on margin. Certainly not all, and hopefully we are near the end of shortable shares.>> This is not accurate. Most mutual funds and pension funds (who almost always own shares outright, not on margin) generate a little extra income by lending their shares to shorts for a penny or so per share. This way, you can generate a little income from a stock that pays no dividend. In the institutional market, this is the place that large short sellers almost always go to in search for large blocks shares to borrow.

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