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Technology Stocks : K-Tel (KTEL) Have the cheesy '70s records come to an end? -- Ignore unavailable to you. Want to Upgrade?


To: Rubber Man who wrote (1216)4/30/1998 10:50:00 AM
From: Deliveryman  Read Replies (1) | Respond to of 3203
 
Its not that simple.... DATEK is based on the ISLD.... All the ISLD trades happen in the same book...Josh's Book.
This BTW is how they make money, if two people, both on the ISLD, trade shares, its still in the same book, and the costs are very low. I believe they actually lose money if you trade outside the book, but if 85% of the trades are within the book, they make money...

Back to the issue, if there are ISLD (Long) shares in a margin Account then you can be sure the ISLD has shares to borrow.



To: Rubber Man who wrote (1216)4/30/1998 10:52:00 AM
From: RealMuLan  Respond to of 3203
 
With a thin float like KTEL, one can never fail get any share to short. This does make me suspicious.

I read somewhere that if SEC really find some hard evidence that a stock has been manipulated, then they have the right to invalidate all the trades have been done within the period. Although I don't know whether this is true or not.