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

To: poodle who wrote (9523)	6/1/1998 11:12:00 PM
From: Mama Bear	Respond to of 18691

<<<Barb, ENMD is nm in Datek (I do not know the reason).>>> Yes, and they're rejecting short sell orders for that reason, not because of lack of shares. I don't care what the message says, one would have been told Datek couldn't borrow CFON this morning when the stock was under 5, but a couple of hours later I had no problem adding to my CFON short at 6 5/16. KTEL is marginable if you want to go long, but comes up with a different message than the NM's. <<<BTW, what is the best broker for options trading in your opinion? Are you using Dreyf? How it's going?>>> Datek. I swore off trading options late last year. <g> <<<Could you please post text or link to the rule that prohibit short sale of below 5$>>> I do believe the Nasdaq limit is $4 or 4 1/16, it's just the common "house rule" of most brokers to not allow under 5. I could be wrong about that. Barb

To: poodle who wrote (9523)	6/1/1998 11:48:00 PM
From: poodle	Respond to of 18691

ENMD: 144 2,070,210$ 68,616 30.17 5/29/98

To: poodle who wrote (9523)	6/2/1998 9:12:00 PM
From: Mike Maxton	Read Replies (1) \| Respond to of 18691

ETrades Short Sale Requirements (from swww.etrade.com ) Short Sale Requirements You must have a margin account. Please see The Margin Account. ETRADE must be able to borrow the shares for you in the first place. The security being sold short must be a marginable security valued at $5 or more per share. The trade can be executed only after an uptick (or zero-plus tick for listed stocks). Short positions are subject to buy-in at any time if E*TRADE cannot continue to borrow the security.