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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: cardcounter who wrote (31032)	8/13/1998 10:45:00 AM
From: Stu Bruins	Respond to of 132070

CC: <<Where should I get my head examined?>> Right here is as good a place as any <g> Enjoy your comments. Stu

To: cardcounter who wrote (31032)	8/13/1998 10:56:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

CC, Sorry about Russia. I thought you were waiting until after the devaluation. All you need to short stock, legally, is a margin account. All brokers allow it. However, very few pay interest rebates on the cash generated, which no pro short seller would ever forego. It is too important a part of the total return. Like giving up the dividends on a utility stock. Most full service brokers pay a rebate to their most important customers and those who threaten them with violence. -g- Discounters generally do not. Stealing the short rebate is one way they make money off those cheap commissions. Just for the record, I recommmend buying puts in a 90/10 options program and not selling short, as it is too risky. MOBIL is awfully big, but I could see a merger of equals with somebody like Elf Aquitaine. I don't remember the SEC filing numbers offhand. MB