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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (9354)	7/2/2000 1:28:09 PM
From: LPS5	Read Replies (1) \| Respond to of 18137

Dan, LOL. Would you call double-dribbling in basketball, an offsides in football, or a balk in baseball "illegal"? My definition of the term "illegal" is meant to indicate an undertaking which is criminally actionable in a court of law. Take whatever inclination makes you feel good, but a short sale violation alone leaves neither individual or firm (via principals) incarcerated, on probation, or otherwise similarly criminally penalized. It's fraud, absconding, and similar crimes that land folk in jail. That is the fact, and is all that I sought to clarify in my message to Ap. No justification or "tolerance" regarding SRO violations is therein intended. As for the rest of your message, I don't have the time right now but can tell you that the very existence of affirmative determination rules puts the onus on brokerage firms w/regard to ascertaining what a customer has or does not have in their possession, which implies across other accounts at other firms; and, of course: with an uptick (sep. part of your message) and/or in the presence of a "blanket short list" specifying quantities partitioned in the brokerage firms' hypothecation pools, many of these issues are moot. More to follow if necesssary. LPS5