Shorting stocks: Mechanical aspects Message Board

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Strategies & Market Trends : Shorting stocks: Mechanical aspects

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To: Ken Brown who wrote (103)	9/6/1998 12:02:00 PM
From: Ken Brown	Read Replies (1) of 172

I'll be reporting on SIEB / SIEBR when it's all over, in about a week or so. It ain't over 'till it's over ... and it ain't over yet. SIEBR stopped trading Aug 31, as planned (though there were no trades after 8/27). I covered all but 100 shares of my position at 1/2 on 8/18 (bad move, in retrospect). I was going to call Datek on 9/1 to tell them to remove the 100 shares short entry from my account, since they expired worthless. Unfortunately, SIEB extended the trading period another month! I'd like to just cover here (1/32) and forget about it, but can't place the order, as it apparently still isn't officially trading (even though there were some trades on the 1st and 2nd). Well, it's been interesting, to say the least. Ken

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