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To: TraderGreg who wrote (1357)12/17/1997 2:04:00 AM
From: insider  Read Replies (2) | Respond to of 1702
 
<1. MM's can short as much stock as they want without "borrowing" certificates. They are not borrowing anyone's stock to short.>

>Then does that mean they never have to cover? If that were
>true, then why do MMs switch from the offer to the bid and cover. And >how did RMIL temporarily squeeze 'em before tanking.

Yes they do have to cover eventually. The point I was making is they cannot be made to cover by people on this thread calling in their certificates. Also I am talking about MM's that "make a market" in the secuity. Some stocks have only a few, some have 50+.