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Strategies & Market Trends : Bill Wexler's Profits of DOOM
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To: Michael who wrote (3037)9/25/1998 12:21:00 PM
From: Peter V  Read Replies (1) of 4634
 
I called Datek and their explanation was that the ALTIF shares were borrowed from another brokerage and they want their shares back. The buy-in is on a "first-come, first-serve" basis, meaning that those who shorted ALTIF first are the first to have to buy the shares back. I guess seniority does not count for much at Datek.
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