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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?


To: Gopher Broke who wrote (3909)8/7/2000 6:17:01 PM
From: ptannerRead Replies (2) | Respond to of 275872
 
Re: I believe someone suggested that this prevents it from being used as shorting fodder and will result in a recall if it is currently sold short. Can anyone confirm?

I have heard this is just a myth.

EDIT: I will followup with someone who should know... and I am sure others on the Thread know the "truth."

-PT



To: Gopher Broke who wrote (3909)8/7/2000 6:55:08 PM
From: crazyoldmanRead Replies (1) | Respond to of 275872
 
Gopher, Re: Today I put in a GTC order to sell all my AMD common for $100. I believe someone suggested that this prevents it from being used as shorting fodder and will result in a recall if it is currently sold short. Can anyone confirm?

I talked to a Schwab broker and he said "If an account has no margin capability, no shares are drawn from that account for the short pool. If an account does have margin capability the shares may be used from that account for the short pool, dependant on Schwab's risk manager's decision." Since I fall into the former category, my shares are NOT used in the short pool. I had several other questions for the broker and the question "What can a margin capable account holder can do to hold his/her shares from the short pool?" went unanswered.

Have you visited with you brokerage firm on this matter?

Kindest regards,
CrazyMan