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To: Leroyt who wrote (14187)	4/28/1998 4:03:00 PM
From: Terry D.	Read Replies (1) \| Respond to of 27968

I may be mistaken, but the holding companies which have our certificates (taking for granted you don't hold your certificates personally) use them as collateral for their own shorting. Anyone confirm this? Terry

To: Leroyt who wrote (14187)	4/28/1998 4:18:00 PM
From: TraderGreg	Read Replies (1) \| Respond to of 27968

I believe that person is mistaken, or describing a bizarre shell game. Unless you are a MM or a friend of an MM or doing an MM or bribing an MM, no individual investor can short a BB stock within the US of A. You can hop a plane, go to Ya maica man or Bahamas or Tijuana or Vancouver and then you can short, but stateside it is totally reserved to the blessed wholesalers. BTW, when you short you're supposed to receive money. What good would it be to post 100% collateral when you're SELLING? I would hardly call that true shorting. TG