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 (129)	9/15/1998 12:26:00 PM
From: Ken Brown	Read Replies (1) of 172

If it turns out to be not too difficult to close this position out SIEBR, again. I finally called Datek and asked them if I could get out of this position. They said "no". They are currently worthless, but I still can't buy them from anyone (even for 1/64). I have to again wait until the end of the month (and I don't think there's anything that stops SIEB from again extending their trading at that time). It's a bit troubling, as SIEB's price has been climbing recently. No shares traded yet today, but the ask is 7 1/8, which is considerably above the price it was a few days ago. So, looks like this isn't going to be easy after all. But, it is interesting. Ken

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