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

To: Baghul who wrote (13126)8/25/1998 11:33:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 18691
 
Baghul, Datek requires a bid of 5 before they'll even take the order. There were only 5200 shares traded at 5, all on the ask. Close, but no cigar. I liked the explanation that the run up was caused by anticipation of hurricane Bonnie's landfall. The hope is that CFON HQ would be wiped out and insurance proceeds would fall through to the shareholders. <g> CFON is in NC, if you weren't aware.

Barb



To: Baghul who wrote (13126)8/25/1998 11:38:00 PM
From: RockyBalboa  Read Replies (1) | Respond to of 18691
 
CFON: It depends where you try it.

For an outright short at online brokers you usually need a bid at $5 or more, although it is allowed at > $4. This is only for naz stock. NYSE and AMEX do not have this requirement.

If the bid is over 5 Datek is usually fast with clearing NM flag, I tried it on ENML today and it worked.

Christian


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