Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : VD's Model Portfolio & Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: Andreas Helke who wrote (4730)	4/23/1998 10:06:00 AM
From: bluejeans	Read Replies (1) \| Respond to of 9719

I can only tell you how Datek handles short selling accounting. Datek collects the money from the short sale and uses it for its own purposes. On top of it they collect margin interest from their customers. For all practical purposes a short sell is the same as a normal buy. The only difference is that Datek collects twice. First margin interest from the customer and second they can use the sell proceeds to collect further interest from other people. Datek is a good source for shares of difficult to short companies. But for people who hold short positions they are better of if they find a broker that does not collect margin interest on short positions. Andreas, Datek apparently will change that effective the 1st day of May. Bob