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To: Fairways9 who wrote (1497)	12/16/1997 7:18:00 PM
From: ed doell	Respond to of 3347

>>Question for anybody who might know. It is possible to determine WHO ownes the 1.5 million shares that are short? I ask this question because I wonder if it is possible that the insiders are affiliated with someone or some entity that is selling these shares short but could avoid the insider trading disclosure laws. By doing so, they (Stu, Mu, and Du) would be able to hedge their shares that they proudly say THEY (i.e. Stu, Mu and Du) have never sold.<< Hi Marc, Nothing paranoid about that thought IMHO. It's logical to think that way. If you had that many shares, wouldn't you do that, if you could do that? But I know of no way to determine that. I sort of doubt that's taking place but have no basis for it that I can point to..."fuzzy logic" fur sure dude. Good luck, maybe someone has a suggestion as to how to access that angle, Ed

To: Fairways9 who wrote (1497)	12/16/1997 9:08:00 PM
From: john harris	Read Replies (1) \| Respond to of 3347

Hi Fairways: You know that I am short, of course. That takes care of X thousand shares of the 1.5M. :-) But, seriously. An insider must adhere to Rule 144 whether he has made an outright sale of his company's stock or whether he has sold the stock short. ie, Any short sale must first be prefaced with a Form 144, Notice of Intent to Sell and then followed with the Form 4 reporting the actual short sale. As far as knowing who(other than myself), is actually short this stock the answer is that unless you are pals with the market makers and back office of the various firms that show short positions, you will never know. There is no requirement for disclosure as there is, say, for a 5% or more long holder to file a 13d. Money managers and hedge funds must disclose their stock positions to the SEC quarterly (I believe). Sometimes one could find the target short position in these filings. WSJ has an enhancement to their online website that costs an extra couple of bucks per month. These quarterlies are posted on their website. My own OPINION is that management has found other ways long ago to take care of themselves. Anything on top of that is gravy.