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Non-Tech : USAB - USABancShares.com -- Ignore unavailable to you. Want to Upgrade?

To: dharampal luthra who wrote (2156)	10/12/1999 10:52:00 PM
From: James Mitchell	Read Replies (1) \| Respond to of 2419

Surprised at the lack of response regarding the Emachine announcement. This is a very big deal. Emachine puts out an excellent product offering the features of much more expensive machines at a great price. They do appeal to the entry-level, but I've found them to be much better than most Compaq's and HP's I've owned/worked on. To have a hot button with the USAB connection to me is a big deal. If I could just get my money back out of my other crappy stocks I'd be back in USAB!

To: dharampal luthra who wrote (2156)	10/12/1999 11:27:00 PM
From: dharampal luthra	Respond to of 2419

ANNOUNCEMENT OF A LURKERS CORNER ON USAB BOARD: LURKERS NEED NOT FEEL LEFT OUT OF THE DISCUSSION ON THIS BOARD. PLEASE SEND IDEAS, SUGGESTIONS, COMMENTS ON USAB BY WRITING TO ME AT: pal@pacbell.net and upon request, your messages can be posted here by me. Most likely they will be posted by late evening and will be available for reading thereafter and into the next day etc. So fire away. Get your fingers e-mailing. We need to hear from everybody who owns this stock or is thinking of buying. You can use a friendly handle for your name when you write or request anonymity. Your e-mail address will not be used for any other purpose. For the only other stock thread where I have been running a LURKERS CORNERS for ages, PLEASE VISIT THE "FNTN" THREAD. Come on, be the FIRST LURKER!! Harry

To: dharampal luthra who wrote (2156)	10/12/1999 11:32:00 PM
From: Michael Lipman	Read Replies (1) \| Respond to of 2419

I have been thinking about this myself recently. I just got off the phone with Waterhouse and they explained it this way: A limit order in itself would not cause shares to be called in to cover the potential sale of the stock. That is one of the reasons they have 3 days for settling a transaction. If you actually sell the shares then your shares must be retrieved from accounts that have borrowed them to short the stock. At that point, the short accounts may borrow stock from other margin accounts, up to the point where the pool of marginable shares is exhausted. Then the broker will call the shares and the short must buy the shares back and deliver them, or the broker will do it for them. Got that. Good. Now if you have not margined yourself to the hilt (hopefully we have some investors that follow the rule of using no more than 10% margin here !) then you can ask your broker to move your shares (or a part of them) back to your cash account. At that point the broker will retrieve your physical shares and place them in your cash account and will not be able to borrow them again. They can, however, borrow shares from the margin pool to replace the shares you just pulled back from the short account. So in order to cause a short squeeze, almost everyone that has shares margined would have to move them to their cash accounts. As of September 8, there were only 180,000 shares short. This number may have risen since then, but it only represents a bit more than an average days trading volume. Not a huge short position. Also remember that the SPO provided institutions and market makers with liquidity in shares (Sandler got a 200K over allotment) and short buyers would probably find the shares they needed. At this point, it makes more sense to just let things progress. USAB is doing a fine job with their marketing plan and new alliances. E-machines was huge, I agree. Now we must let them deliver on new account growth. As I said before the stock price will take care of itself. Regardless, if any of you out there can move your shares, then do so, you can always move them back later. Was that clear ? Michael