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Strategies & Market Trends : Shorting stocks: Mechanical aspects -- Ignore unavailable to you. Want to Upgrade?

To: David Meyer who wrote (75)	7/31/1998 11:16:00 PM
From: Ken Brown	Respond to of 172

David, Yes, I meant "means to ME". With the nice 15-minute window SI provides for editing messages, you'd think I'd read mine during that time, hm? Unfortunately, I was too busy .... I've never heard of this situation before, but I'm sure it's happened. It seems similar to when a dividend is declared, and I'm well aware of what that means to ME as a short holder. :-) I was wondering if I should cover today (before the option was tradable), I could avoid paying it. But since the date of record has passed, I doubt it. Guess I should've been reading some SEC filings (I assume they must have "warned" they were going to do this). I think I'll get an answer here, but if not, I'll try the "From the Trading Desk" thread. Thanks, Ken