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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: bambs who wrote (42030)	11/1/2000 9:23:37 AM
From: GVTucker	Respond to of 77400

bambs, RE: Think about it...the broker lets you borrow the stock for free and sell it? then pays you interest on the proceeds of the sale. Doesn't happen! Uh, yes, it does happen. It happens to me every day. Everything is negotiable. It is certainly possible that you don't get interest on your short sale proceeds. After all, the broker wants to keep that money for itself. But if your business is important enough to a broker, that broker will certainly pay you interest on the full proceeds of that short sale. If a broker can borrow the shares internally, I can borrow those shares for free, also. If I have to go outside my prime broker to borrow shares, I have to pay the going rate. Ordinarily, that doesn't amount to more than a penny a share, unless the stock is hard to borrow.

To: bambs who wrote (42030)	11/1/2000 9:27:53 AM
From: Wyätt Gwyön	Respond to of 77400

Bambs, Think about it...the broker lets you borrow the stock for free and sell it? then pays you interest on the proceeds of the sale. Doesn't happen! See, that was my impression as well. Perhaps GVTucker knows of a brokerage that is more accommodating.