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To: David A. Irvine who wrote (14281)4/29/1998 10:44:00 AM
From: TraderGreg  Read Replies (1) | Respond to of 27968
 
Calling for certs is good, but it's like putting locks on your doors...it keeps the honest people honest.

Unless everybody called their certs, there will always be stock immediately available. Thus, those who short naked, against no borrowed shares, will still do it. These guys don't care where the shares or certs are...they just do it.

At least having more in cert form will make it a little harder for them to cover...but everybody has to do it.

TG



To: David A. Irvine who wrote (14281)4/29/1998 10:57:00 AM
From: Freddie Forte  Read Replies (3) | Respond to of 27968
 
Dave...That sounds great in theory, but, what if conditions change and you need to unload a position quickly. 3 minutes may be the kiss of death with BB stocks, let alone 3 days. Rmil did that and they're using those certificates for wallpaper. Famh is definitely a different situation, however.


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