Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Web Street Securities (WEBS) -- Ignore unavailable to you. Want to Upgrade?

To: Esteban who wrote (152)	12/16/1997 1:45:00 PM
From: Gorak Shep	Read Replies (1) \| Respond to of 1339

Esteben, thanks for the rate info. 4.7% is better than Datek at 4% and much better than some others like Brown which is at 3%.

To: Esteban who wrote (152)	12/17/1997 7:49:00 PM
From: Mike Hagerty	Read Replies (3) \| Respond to of 1339

I noticed in an earlier post that you were surprised that Web St. had to call to confirm shares were available before shorting. I've never heard of any place that did not have to do this. Are you SURE Datek doesn't have to do this also? I've shorted at Datek and they put it on the screen like it's an active order right away but in reality it never fills though it goes up beyond my short--and I find out much later that they couldn't borrow the shares. (Of course I've had successful shorts also--but the confirmed fill always allowed plenty of time for them to call and borrow shares before activating and filling. I would be very surprised if they didn't have to call first to confirm they can borrow shares...