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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: LPS5 who wrote (45771)	10/25/1999 3:28:00 PM
From: Mr. Big	Respond to of 122087

NAVI break-out. Primarily owned by CMGI MSFT & DELL.

To: LPS5 who wrote (45771)	10/25/1999 9:39:00 PM
From: IJReilly	Read Replies (1) \| Respond to of 122087

Actually it is different from the dividend situation. When a stock is borrowed and sold short, and a dividend is due, the short seller is liable for the dividend. In this way the dividend is paid twice on the same original share, once by the company and once by the short seller; the original owner and the purchaser of the borrowed share each receive the dividend amount. This cannot happen in the case of voting rights; the short seller cannot somehow create voting rights on the shares he borrowed. What's the answer? I sure don't know. A conjecture on my part is that by allowing your shares to be borrowed, you potentially forfeit your voting rights-seems the only fair way that I can think of. Certainly a buyer of stock should not be penalized because he happened to purchase borrowed stock. IJ