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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kollmhn who wrote (9557)	10/15/2001 5:16:53 PM
From: Dale Baker	Read Replies (1) \| Respond to of 23153

There was no reason given but it certainly isn't margin calls. I suspect the NYSE listing has something to do with it. Probably best to close the position and see how the stock reacts once the NYSE listing takes place. This is a very small position, not worth fussing over much.

To: kollmhn who wrote (9557)	10/15/2001 9:01:13 PM
From: Tommaso	Respond to of 23153

This happens when a brokerage comes under pressure because lenders of the stock have sold it and need to deliver the stock, so it is called back in by the brokerage that lent it. This happened to me with DIA, the Dow Jones Industrial index fund. Instead of waiting to be forced to cover the short position, I switched to SPX, which was a lot more liquid. I did not get a very clear explanation, but I suspect it has to do with some very large arbitrage positions between indexes. I don't waste time fretting--just get out of the situation and find something else--though maybe changing brokers might be the answer. It didn't have anything whatever to do with margin in my case. I had a very large cash balance and wasn't even borrowing on margin.