Shorting stocks: Mechanical aspects Message Board

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Strategies & Market Trends : Shorting stocks: Mechanical aspects

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To: Q. who wrote ()	11/23/1998 12:29:00 AM
From: peter michaelson	Read Replies (1) of 172

John, All: I need help understanding the mechanical aspects of the un-announced buy-in of my TTF short at Datek and I apologize for splashing this all over SI, but I realized that it fits into this thread. Transaction described here: techstocks.com Apparently the clearing firm, NSSC's CNS arm, executed the buy-in, without notification to Datek. Can anyone lead me to a full understanding of the Mechanical Aspects of this sort of buy-in. How is the timing determined? Why is there no notification? Did CNS know it was coming? How were my shares selected for the buy-in? Thanks - somebody out there must know this stuff...... Peter

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