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Non-Tech : Datek Brokerage $9.95 a trade

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To: Richard F. Hubbell who wrote (9788)9/24/1998 3:22:00 PM
From: Harpo  Read Replies (1) of 16892
 
I called Datek to ask them the reason for the buy-in on SRCM. They told me that a large broker had called in all the shares.
Seemed like I read an article somewhere that the SEC wanted to crack down on brokerage houses selling shares they hadn't even borrowed. I wonder if something like this might be going on. I covered my SRCM short today. I wish I had held onto it in hopes that they might change their mind. Live and learn.

regards,
bb
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