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

To: Christopher Charles Milas who wrote (11285)	7/9/1998 5:19:00 PM
From: lindend	Respond to of 18691

Christopher, >>Schwab said SACM and OCOM were un-marginable>> All this means is that they you can't short it via the web without some prior arrangement. You'll most likely need to call them and execute the short over the phone. This is assuming that they have shares to borrow (I'm on the watch list for OCOM right now, so I don't think they have any). If you get an inexperienced rep, they may tell you its unmarginable. If you request to get on the watch list, eventually they'll find the shares, but the price may not be attractive at that point. :-( Here's a snippet of what they told me when I asked the same question: Although one is able to short a non-marginable security it is on an exception basis. Due to the fact that it is an exception basis it can not be placed on the web at will.