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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (84612)	10/26/2000 10:00:44 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

ild, A TA guy would consider it bullish, but I consider it noise as it has nothing to do with the company's future existence or bankruptcy. Where did they get the shares? Nearly all mutual funds try to earn a few extra nickles and dimes by lending the shares in their portfolios to brokerage firms for short selling. Or, to be more precise, they pay either the custodian bank or DTC to do so. So, any shares that are owned in big size by mutual funds are usually easy to borrow. Shares that are owned by individuals who don't have margin accounts, closed end funds, for example, are incredibly hard to borrow.