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

To: peter michaelson who wrote (15526)	11/17/1998 2:45:00 AM
From: Michael	Read Replies (3) \| Respond to of 18691

My Friend Peter: Join the group of many that Datek used "forced" buy-ins on. All you can do about the "buy-in" is "read it and weep". Better luck , next time, Try using other brokers to short. Datek sucks . Sure is a Nice Day Michael

To: peter michaelson who wrote (15526)	11/17/1998 4:31:00 PM
From: Roger A. Babb	Read Replies (1) \| Respond to of 18691

Peter, you are basically at the mercy of your broker whenever playing the short side. And any buy-in will by definition be at the high of the day in a thinly traded stock because the broker creates the high by buying in with market orders. I doubt you can do anything about it. It may be just my imagination, but I have also observed the following on my trades: 1. If a stock is going up and you enter a market buy order, it will be delayed for a few minutes until the price is higher. But a market sell order will execute instantly if the stock is going up. 2. If a stock is going down and you enter a market sell order, it will be delayed a few minutes until the price is lower. But a market buy order will execute instantly if the price is going down. As I said, it may only be my imagination and I can't prove anything, but this practice skims a few extra bucks from me on almost every market trade.