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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Islander who wrote (1146)	5/27/1998 4:25:00 PM
From: Binder	Read Replies (3) \| Respond to of 4142

I think they have to be in certificate form, in your name. Otherwise, they will be in a cash account, but will have your brokers' name on the cert. If your broker wishes to loan it to someone to go short, they can do it, and there is nothing you can do to stop them. That is my take on it. :-) Binder

To: Islander who wrote (1146)	5/27/1998 4:30:00 PM
From: Dusty	Respond to of 4142

Islander, That is what my broker told me. They can not use them unless you sign a document allowing them the use of the stock and then they have to pay you. I don't understand all the dynamics but when held in a cash account they can not be shorted out of your account without your express permission. Having said that we all know in the real world "stuff" happens! So I cover my bases and request my Certificates on most all my holdings;always on my long term holds. I can tell you my MIDL common are not accessible to any trader I hold them in MY hot little hands. As soon as I have been credited with my "dividend" freebies, I will be taking possession of all my preferred stock as well. I have no intention of selling for a very long time and since the jury is not in on the Y2K scenario, I chose to hold my Certificates myself. I have not found any brokerage willing to furnish me with a statement on their letterhead that they are Y2K compliant. So I don't worry about anyone using or abusing my stock holdings. LOL Better safe than sorry ... :o) Dusty :o)