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To: Perfect Tommy who wrote (7079)	9/11/1998 3:51:00 PM
From: Simon Cardinale	Read Replies (1) \| Respond to of 16960

NASD rule UPC 11830: This looks good for a short squeeze. from www2.techstocks.com To: RumbleFish (66 ) Thursday, Jun 5 1997 9:32AM ET From: Marshall Reply # 67 of 1767 Be glad to, luckily I had this posted somewhere else so I could copy it: All this UPC-11830 means is that there is a known shortage of shares to be borrowed. It doesn't appear to alter anything having to do with normal shorting, it's more of a warning to brokers that if they do have requests to short the stock they should first find the shares to borrow as shorting now and hopefully finding later probably won't work. The rules for a broker handling a short sale are the same as they are always were: If a broker handles a short sale he has three days in order to borrow the shares. He has the privelege of requesting a 10-day extension in addition to the three days. These extensions are reviewed and may or may not be granted. If a broker has sold shares short he must have them officially borrowed within the three day period unless he has applied for and been granted a 10-day extension in which case the total days are then 13 from trade date. Anyone shorting shares and not finding same amount to borrow within the three (or 13 days w/approved extension) must cover the short. This rule is unchanged; it is the way all short sales are supposed to be handled - UPC-11830 or not. Getting a 10-day extension may be more difficult since the warning was on the stock. (The UPC-11830 used to be known as UPC-71)