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Pastimes : The New Qualcomm - write what you like thread. -- Ignore unavailable to you. Want to Upgrade?

To: A.J. Mullen who wrote (7140)	4/27/2005 7:43:53 PM
From: DaYooper	Respond to of 12231

SIRI has been a no brainer short for a long time. I was looking for shares to short when it was over 8 but none to find. Howard Stern turned it into a cult stock and people who know nothing about investing were buying like crazy.

To: A.J. Mullen who wrote (7140)	4/27/2005 8:14:15 PM
From: A.J. Mullen	Read Replies (2) \| Respond to of 12231

Ah I see. Schwab can borrow stocks from anyone who has a negative balance with them without any authorization from the owner of the stock. Maybe that's why I didn't take any action, Maurice, I didn't need to. Fewer people buying on margin these days, but there's still a desire to short. Thus, Schwab is prepared to pay up. Still, I thought shares generally had to be above $5 to be shortable? Ashley

To: A.J. Mullen who wrote (7140)	4/28/2005 4:49:41 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 12231

Hi Ashley. That was the Great Globalstar Memorial Day Massacre in which we [the conspiracy] suggested people dehypothecate, meaning move their Globalstar shares to a cash account so they couldn't be loaned to shorts. I don't care if people want to lend or short and have never thought it worth a campaign. It was just some fun to see if a lot of people dehypothecating would push the share price up, at least temporarily. I don't know if there is a lower limit to stock prices which limits shorting. Maybe it's related to marginable as you say. I didn't realize it was as much as 6% to lend stocks. I think if one has a margin account, that involves automatically agreeing to lend the stock. It seems I'm giving away that premium at present [as we don't have debts and don't need a margin account at present]. Silly me! Lucky stock broker. There's one born every minute and wisdom and cunning don't necessarily come with an installment each birthday. Mqurice