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


To: Mama Bear who wrote (9870)6/10/1998 6:04:00 PM
From: Sir Auric Goldfinger  Read Replies (1) | Respond to of 18691
 
The problem with waiting till the buy in occurs, you invariably get bought in at the high of the day. In a thinly traded issue, you'd rather buy it in yourself cause you'll give yourself better execution than the back office clerk who doesn't know you and doesn't care. Or better yet, box it long until they go away.



To: Mama Bear who wrote (9870)6/10/1998 6:22:00 PM
From: Peter V  Read Replies (1) | Respond to of 18691
 
I was at lunch when they called, and they did the buy in for me. Fortunately it was at 5 3/8 when they did so, and not 5 15/16!

WHat could cause the buy in to occur? Someone has to buy the shares from the Dreyfus client holding them so that Dreyfus can no longer let me borrow them, correct? I wonder who is doing all the buying?

and btw, the options that the CCSI doc has totally blows his credibility. The fact that the CCSI longs would continue to rely on him lends them no credibility as well. Not that they had much to begin with. But now that I have all that CFON margin to play with . . . let the CCSI games begin! (for me, anyway!) Of course, I'm assuming Dreyfus has CCSI shares . . . Maybe it's time for a Datek account.