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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Walls who wrote (30058)1/20/1998 5:03:00 PM
From: go4it  Respond to of 35569
 
Gerald,

<<It's not clear from the E-Trade customer agreement if shorts have to be marginable. If so, then you'd have to cover at 3.>>

I find that very interesting. After the November press release we opened trading at $3 and hovered above and below that number for awhile prior to making the final dip down. Maybe they did have to cover at $3. I doubt these rules would apply to the MM's which would account for the significant number of shares that are still short. What do you think ? Am I way off base here ?



To: Gerald Walls who wrote (30058)1/20/1998 7:22:00 PM
From: Bob Jagow  Respond to of 35569
 
Gerald,
"It [may not be] clear from the E-Trade customer agreement if shorts have to be marginable", but the individual does have to borrow the stock and a broker can only lend him stock held in a margin account.

Might add the the Fed's $5 rule doesn't apply to NASDAQ NMS stocks--they are automatically marginable.


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