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

To: Peter V who wrote (9872)	6/10/1998 6:35:00 PM
From: Mama Bear	Respond to of 18691

>>>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?<<< A long demanding his certificates, or moving the shares into a cash account would do it without there being any buying. It is more likely someone who was holding long sold for whatever reason, and the shares moved out of Dreyfuss' depository. Also, perhaps some bigshot client wanted a short position, and they needed to lend the shares to him. Interesting note: I recall just before PNDA's run to 7 the shorts were complaining of forced buyins (and Datekers too!) at 4. Sometimes it works in your favor. Barb