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Non-Tech : Meet Gene, a NASDAQ Market Maker -- Ignore unavailable to you. Want to Upgrade?


To: gene_the_mm who wrote (438)8/5/2000 12:52:39 AM
From: Wayners  Read Replies (1) | Respond to of 1426
 
Not directed at market makers at all. Directed at institutions mostly. Those with huge amounts of money that they can't move so they have to rely on all the above forementioned "tactics" to churn out a measly 11% a year on average.



To: gene_the_mm who wrote (438)8/6/2000 1:52:45 PM
From: Alski  Read Replies (1) | Respond to of 1426
 
Gene,
A basic short trading question, When there is a proxy event who gets to vote?

If I have shares in my margin account my broker may loan them (without me even knowing about it, I think). A shorter has sold "my" shares to somebody else, so know there are two shares where there once was one. Are both shareholders of record with voting privileges? Would naked shorts be any different? It doesn't seem quite right that there would be more votes than total outstanding shares, nor does it seem right for a long to not be able to vote? I'm confused:-(
TIA...Alski