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Technology Stocks : Osicom(FIBR) -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (5081)	1/30/1998 12:06:00 PM
From: bill banks	Respond to of 10479

the issue of finding shares to short has now become more interesting. i checked around and here is what i found. due to rule 72-which essentially says that if you b/d finds shares to loan to you, they are subject to immediatde potential buy-in the discounters are not sophisticated enough , nor are they willing to spend the time or money to track these issues. that is why they are discounters. as for the b/d's-- they can go naked short at any time and if in fact their clearing agent comes and says they are issuing a buy-in notice the b/d can trade intr-house and start the clock ticking again, or begin the fail to deliver procedure.. gets pretty interesting.. ask your b/d if the rule 72 flag shows on his screen