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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Ira Player who wrote (2878)	4/20/1998 10:08:00 AM
From: lindalib	Respond to of 4969

Is the spread on the NASDAQ back? I'm starting to see more than a point between bid and ask on many stocks...or is it just my imagination?

To: Ira Player who wrote (2878)	4/20/1998 5:44:00 PM
From: Bruce Tiemann	Read Replies (5) \| Respond to of 4969

[short question... VOTES?!] "If the float is 2 million and all of them are borrowed and sold short, the buyers again have 2 million shares that can be borrowed and sold short. There is no 'limit' to the potential short interest, or for that matter, the number of shares that investors 'own'." So, when it comes to proxy time, who gets to vote, and how much? Do the shorts vote -1? There used to be a million shares, a million votes, owned by guy #1. They were lent to guy #2, who sold short to guy #3. Now the company sends a proxy for a million votes to both guys 1 and 3, or what? They are both long a million (on the record date for voting), and #2 is short a million. The company "has issued one million shares" and the float is twice that, I guess. Though this is a contrived example, all stocks have short positions; who gets to vote at the meeting? Bruce Tiemann