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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (4759)	7/23/1998 4:16:00 PM
From: D. Chapman	Read Replies (1) \| Respond to of 12617

I did a little more research. ISLD handles about 4.4% of the Nasdaq Volume from www.forbes.com search Broadway Trading I suspect that Pershing is tiny compared to Datek Online Clearing Corp which owns ISLD.

To: steve goldman who wrote (4759)	7/26/1998 7:20:00 PM
From: Gary Korn	Read Replies (2) \| Respond to of 12617

Since we clear through Pershing, which clears for about 300 firms, we have a great short availability through Pershing or DLJ, Pershing's parent. Steve, I've always had good success shorting through Fidelity. Currently sitting on 1,000 AMZN shares (boxed against longs). Had as many as 6,000 boxed at one time. Also boxed some AOL. Anyone who shorts (and boxes) should be aware that you can "flatten" your position without incurring a spread or commissions. You advise the broker to flatten the box, and a bookkeeping entry is made (long is in a type 2 acct and shorts are in a type 3 account). No spread, no fee. This is helpful to know if you do arbitrage trading at all (I do it on takeover stuff, e.g., I'm long and short equal amounts of CIEN and TLAB respectively, as 1 CIEN is soon to become 1 TLAB). Gary Korn