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

To: just bearly who wrote (234)	2/9/2000 1:22:00 PM
From: jtsaratoga	Read Replies (1) \| Respond to of 1001

JB, Please report back if you find anyone has a better short list. Thanks in advance, JT

To: just bearly who wrote (234)	2/9/2000 7:22:00 PM
From: RobbRacer	Read Replies (1) \| Respond to of 1001

JB, I think your complaint is valid and agree with your assesment. For an on shore broker I think cybers availability is about average but them yanking shares when they come ripe for shorting is deplorable. If schwab or fidelity or another investor oriented broker did this I would understand but cyber caters to professional traders. Yanking shares in the name of risk management seems to me to be motivated by the Schwab aquisition. They want to ensure the deal goes through. I have watched cyber grow since they did not even have cyberbroker, and was always impressed with the technology even back in 97. Now it seems they are going more mainstream and are no longer going after professional traders. They won't even reserve short shares or attempt to hunt them down. Almost any other broker on the street will at least try. Cyber is like that favorite band you love that kicks ass until they go mainstream and then sell out. Yamner is a good alternative although phone based. Rob

To: just bearly who wrote (234)	2/10/2000 12:31:00 AM
From: wallstreeter	Read Replies (1) \| Respond to of 1001

going short is as important to a daytrader as going long,if this is a problem with cybercorp all of a sudden dont you think they owe it to their clients to rectify it. I have been trying the cyber trader demo and i was very impressed with the interface. I just hope i will be able to short the stocks that im looking to short. thanks wallstreeterww

To: just bearly who wrote (234)	2/11/2000 6:30:00 PM
From: CyBerCorp.com	Read Replies (3) \| Respond to of 1001

Penson does provide us with their most comprehensive pre-approved short list. Currently our Short List is comprised of over 3,300 securities, and is comparable to any of our direct competitors. That being said, 3,300 is between one third and one quarter of the total number of securities traded on the major national exchanges. It is a fair assumption that if we have curved short trading on a particular issue, it strictly deals with CyBerCorp.com's risk management for both the broker dealer as well as its customers. Because the potential loss on short an issue is unlimited, it is imperative that we take precautionary steps to avoid possible high-risk scenarios. As a result, when certain issues are particularly volatile, we may make a corporate decision to remove them from the shortlist. This is absolutely justified, in that 100% of the customer defaults that have been absorbed by the firm over time have been directly related to customer short activity in extremely high volatility stocks. We have an obligation to our customers, our shareholders, and ourselves to ensure that we act responsibly in this area, and we shall continue to do so. If the lack of availability is NOT a result of CyBerCorp.com curving an issue, it is possible that another broker dealer may have shares available for shorting because they have requested them first, as they are distributed on a first come, first served basis. If, for example, Penson has 1,000 shares available for shorting and another broker dealer requests them first, it is possible that when one of our brokers calls to request the shares on behalf of a customer, there may not be any left. We hope that we have addressed everyone's recent questions and concerns in regards to our shortlist. If we can be of any further assistance, please feel free to give us a call. Sincerely, CyBerCorp.com