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To: Dean Dumont who wrote (6389)9/19/1998 3:54:00 PM
From: Just My Opinion  Read Replies (2) | Respond to of 26163
 
This is a question I asked a while ago, but it was never explained.
How does a person cover stock for someone else?
If I am short 100 shares of xyz, how does someone else cover for me??

Wouldn't there have to be some sort of transaction somewhere??

It would seem to me that there has to be a buy in, then a reshort.

How do you transfer accounts without some sort of reporting???
I just don't understand this transaction at all.

TIA.. please keep it simple , that's why I used 100 shares.



To: Dean Dumont who wrote (6389)9/19/1998 4:39:00 PM
From: Janice Shell  Respond to of 26163
 
Hmmmmm, now that the spelling is corrected, maybe now their could be focus on how he claims to have covered Andy Mann's position at 5/8 with out a print and how he could have done that with DTC frozen in the U.S. and Canada.

Why do you think this was done AFTER the DTC put on the freeze?


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