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To: allen v.w. who wrote (13545)	4/7/1999 11:43:00 PM
From: James Simonick	Read Replies (2) of 40688

Message for the real longs. In the past it was discussed that we longs, as a group, by taking certs would hamper shorting efforts. This was never comfortably resolved, the major disadvantage being inconvenience and liquidity of transactions in case of unforseen trouble. I have some accounts in American Express and upon asking about local safekeeping, have been informed that their brokerage "does not make a market on any exchange, and only has shares on hand for their customer accounts, therefore shorting cannot occur from customer accounts". Can anyone else confirm or deny this? Trade executions are a phone call away, although they are a full commission brokerage. This might be, at least in principle, a valid solution to meeting both the objectives of liquidity and defraying a base of shares for shorting. If so, is anyone willing to move to such a situation (simple yea/nay PM recommended)? Constructive thoughts, please? FOCUS + PREPARATION + EXECUTION = RESULTS -Jim

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