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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (8250)	5/3/1998 4:43:00 PM
From: peter michaelson	Respond to of 18691

Could Datek's game be that they will force us to cover at the most inopportune times, e.g KTEL? This could be the reason if they are 'faking' the shorts and don't have the underlying shares. If they are secretly taking the other side of these trades, then they have the option to end the trades at any time they like. I don't know the mechanics of the markets too well, so I'm only wild guessing at this point. Peter

To: Roger A. Babb who wrote (8250)	5/3/1998 5:58:00 PM
From: put2rich	Read Replies (1) \| Respond to of 18691

It seemed you no longer play KTEL on FA? Just don't know if I should bet a farm in shorting KTEL > 48 next week (well just kidding, but try to find $$ to short long term some). When I was new in stock I remember some seasoned players here covered at loss in VVUS while "a calf like me who did not fear the tiger" and shorted more. Turned out I was lucky then. Is it true that Datek let you short KTEL shares they don't have? Even if it is true I doubt they will force us to cover at their will. I think Datek thought KTEL is overvalued too and drips down soon. Just my opinion and not much time recently.