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To: Zakrosian who wrote (10927)12/10/1997 10:50:00 AM
From: Think4Yourself  Respond to of 12298
 
Stated in it's briefest form, the repeal of the short-short rule means that certain institutions no longer have to hold a stock (3 months?) to take advantage of certain tax benefits on the profits. They will be able to go in and out of stocks much quicker, adding to market volatility.