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To: Randoff who wrote (1265)4/29/1998 11:55:00 PM
From: routzm  Respond to of 8242
 
Great Post Randolf:
I agree......I am in the computer industry.....and seeing these small companies ...getting ready to blossom is great. Alot of DD on my part and it looks good..........Long term.....Holder.
Mike



To: Randoff who wrote (1265)4/30/1998 5:11:00 AM
From: ilh1  Respond to of 8242
 
To: Ice Cube (1212 )
From: Andrew H Wednesday, Apr 29 1998 10:31PM ET
Reply # of 1286

>>P. Soul, BB stocks cannot be shorted here in the U.S. They cannot be borrowed against, and if you know of a firm that will let you, please let us know. <<

Ice Cube, you are quite wrong on this. I would think a money manager would be aware that BBs can be shorted. However, if the stock is selling for say 1.5 or less it is very expensive. I have read again and again on these boards that you cannot short BBs in the US. So in order to find the exact terms I called Fidelity.

Here they are. If the BB stock is selling for 10 or more, you need cash (or margin buying power) of 50% of the value of your short position. From 5 to 10 there is a $5/share requirement. Below 5, you need 100% of the value of your short or 2.50/share in cash in your account, whichever is greater.

You can verify this for yourself by calling 1 800 544 8666 and asking to speak to a short specialist. I don't know about other brokerages, but it is no problem at Fidelity.

Now, how about a finder's fee (:>)