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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (5215)	11/3/1998 11:06:00 PM
From: rel4490	Read Replies (1) \| Respond to of 12623

Eric, taking your shares out of your margin account and putting them in your cash account does not force your Broker to call back any borrowed shares used for shorting. Read the fine print of your account agreement. They still retain the right to do just about anything they want with your shares. The only way to accomplish what you want is to have the certificate for the shares physically delivered to you.

To: E_K_S who wrote (5215)	11/4/1998 12:37:00 AM
From: Mama Bear	Read Replies (1) \| Respond to of 12623

"and if they have already, my broker will have to obtain my shares at the open tomorrow." Eric, you're broker lends shares from a pool. There is not a specific short seller who has borrowed 'your' shares specifically. Your broker also holds a percentage in reserve to avoid having to call back shares. So considering CIEN's float, unless you own a significant number of shares, it's unlikely it will make any difference. But if it makes you feel better, and you weren't going to trade with the buying power, it's not a bad thing either. Barb