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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Candle stick who wrote (9112)11/11/1997 7:45:00 PM
From: George Coyne  Read Replies (2) | Respond to of 25960
 
Candle,

As my brokerage (Accutrade) explained it to me, shares can only be loaned out from margin accounts and not from non-margin accounts. Is this the general rule, or brokerage specific?

G. W. Coyne



To: Candle stick who wrote (9112)11/12/1997 1:36:00 AM
From: Don Edgerton  Respond to of 25960
 
Also, you can establish a separaite non margin account and just ask that the stock be moved over. Then it can't be lent because you didn't sigh a hypothecation agreement. If you get a margin call or decide to sell, you can call your broker and have the stock moved back over night.

Shipping out may leave you in limbo a couple of weeks.


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