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To: FHM who wrote (58)7/20/2006 3:47:48 PM
From: vireya  Respond to of 20808
 
bveen that way for a long time with NFI, but they offer more $



To: FHM who wrote (58)7/20/2006 4:43:45 PM
From: corprit_raider  Respond to of 20808
 
FHM
It makes sense that if they are in a bind they would try to target IRA accounts. They are Non-Margin accounts and ordinarily they could not borrow stock out of such funds.

So they are evidently trying to get their hands on some of those shares by offering a premium. Hmmmmm

as someone else said, no such offers yet from TD ameritrade



To: FHM who wrote (58)7/20/2006 5:33:35 PM
From: stckn8r  Read Replies (4) | Respond to of 20808
 
Hi FHM,

Just got off the phone with my broker who gave me two scenarios that he has seen when Schwab has made this offer in the past (one good for longs one bad):
a. A large demand for shares to be loaned for shorting purposes (not good).
b. A large demand to loan to cover short positions (good).

Unfortunately, he said that, in his experience, the majority of the instances was for shorting purposes and in most cases the PPS took big hits. He did not think it was a good sign. I am not so sure about his analysis as todays performance seem to indicate more buyers wanting to cover at low prices while there were very few sellers. Also there is a very large outstanding % of short shares already.

I would appreciate any comments or thoughts on this topic as this is not a common occurrence and could indicate a large move, up or down, imo.



To: FHM who wrote (58)7/20/2006 9:17:33 PM
From: KaiserSosze  Read Replies (2) | Respond to of 20808
 
Your broker offered you 3% of what FHM? I think this whole story is b.s., and you've made up these two other aliases (both created in the last two days) to "confirm" it.