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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (31623)7/27/2008 8:48:29 AM
From: Madharry  Respond to of 78774
 
Message 24793433

I particularly liked this comment:

A pre-borrow requirement focuses on the front end of the trade and would

ensure that no trade would result in a failure-to-deliver; a hard delivery

requirement focuses on the back end of the trade and creates a period ripe

for fraud. I suspect this is why theatres require patrons to present a ticket

prior to entering the show, rather than allow them to watch the show and

deliver a ticket five days later.


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