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Non-Tech : ET and the Rest -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (3875)	10/25/2001 9:26:50 AM
From: Curtis E. Bemis	Read Replies (1) \| Respond to of 5459

Yeah, Cotsgotscammed because he got greedy. That seems to be one of his characteristic traits, No ?? "Stock lending is transaction used by brokerage firms to accommodate investors who want to borrow shares for short selling. A firm that needs such shares borrows them from a firm that has them in return for a cash loan of 100 percent of their value. As the price of the shares fluctuates, the firms engage in a process called marking the shares to market that equalizes the value of the shares and the money loaned. If the shares rise, the stock borrower gives the cash appreciation to the stock lender, and the loan grows. If the shares fall, the stock lender is required to return the amount of the cash loss, and the loan shrinks. Stock can be lent from one brokerage firm to another along a chain. "