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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Copper1998 who wrote (14267)	2/11/1998 12:47:00 PM
From: craig crawford	Respond to of 29386

That's true. That's one of the advantages. I don't care if brokerages loan out my shares because I love my fellow short selling brethren.

To: Copper1998 who wrote (14267)	2/11/1998 1:50:00 PM
From: Alan Aronoff	Respond to of 29386

<<Is it possible that in a cash account, since you are not using (or don't intend to use) your shares as collateral to borrow money, the broker can't lend your shares out to the short? (Just a guess!)>> Exactly. I've read stories of institutions creating short squeezes by moving shares from margin to cash accounts. I believe this is referred to as demanding delivery of stock that is held in "street name." I recall Presstek (PRST) got run up using this strategy before eventually crashing horribly. If everyone who is long ANCR registered their shares in their own names, we would force all the shorts to cover. oooooohhh <g> Also, when a company reports how many existing shareholders it has, it does not include the stockholders who own shares in "street name." So the number is not really reflecting the true number of shockholders. I have also heard there are ways to be an "undeclared" short seller resulting in unreported short positions. I don't understand how this is accomplished.