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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: A. K. Giddings who wrote (10006)	10/21/1998 11:48:00 PM
From: Jon Tara	Respond to of 16892

Actually, it makes perfect sense that your short would be called just before (or during) a big drop. A stock drops due to either selling or lack of buying. Most recent drops are probably due to selling. :) When customers who are long are selling, the shares that have been borrowed have to be replaced. Datek has a higher than average short ratio. I also beleive that they obtain most (or perhaps all) of their short shares from their own customers. One would expect, then, that during panic selling, Datek would be more likely to have to call-in shares than other brokers. Sure would be nice if they'd notify people first, though...