InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 127.35

-2.3%

Nov 26 3:59 PM EST

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To: WallStreetTips who wrote (6185)	5/26/1999 1:11:00 AM
From: MarX	Read Replies (2) of 28311

You need not ask your broker to deliver a certificate (too time consuming and clumsy). You can accomplish the same thing by having them transfer your shares from Margin to a Cash account. This will have no effect on the GNET float but will prevent your broker from lending your shares to the short sellers (some brokers may try to talk you out of doing this because it is highly profitable for them to lend shares - they receive interest on lending your shares). They can do this even though you have never used any margin; if the shares are in the margin portion of your account they can be lent out - and they do not tell you that they have loaned your shares to a short seller. If they have already done it, your request to have your shares transferred to your cash account may, in effect, be a mini short squeeze because they have to go out and try to borrow them from another firm, and if that is unsuccessful they may have to "buy-in" in the open market. Do it. That's what I've done with my shares.

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