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To: tyc:> who wrote (60479)	7/22/2008 7:34:18 PM
From: tyc:>	Read Replies (2) \| Respond to of 78437

Postscript: You seem to be emphasizing that there are reasons why the brokerage house would not allow a short to be made. Of course that is so, but we are not talking about shorts that are prevented. We are talking about the normal course of events when a short is made.

To: tyc:> who wrote (60479)	7/22/2008 8:38:52 PM
From: LLCF	Respond to of 78437

<And yes I have asked them. Actually the response I got from the young fellow I spoke to was, "Yes , I cannot argue with the point you are making, but officially stock is "borrowed/loaned"> Well, yea... since it CAN happen he's not going to waste his time on the phone with you... as for being able to plug whatever stock you want in and short it??? <I would imagine further that the other broker(s) would not distinguish between settlement resulting from a short sale or settlement resulting from a long. It would be of no concern to them so long as the settlement is made.> That's right as long as they can borrow the stock (I assume we're talking shorts). Of course we were talking about "in house" vs away, but it doesn't really matter... in general it all has to be borrowed if short. <Why the reluctance to call in the short to enable settlement to be completed ?> Dunno... that's not my experience... folks get called in and "covered" all the time. Don't know why certain cases are allowed to fester. <3. IF the broker were asked at this stage his answer would be, "go ahead if you have sufficient margin, but understand that with any short you may be called in.> No... that is if it's a stock we allow you to short. Redundant to above. Next one also answered already... <5. Whoops ! we have no inventory left; "I, the broker, am unable to settle".> No... he gets on the phone and borrows it!! DAK