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To: Joey who wrote (3838)11/18/1998 7:43:00 PM
From: RobbRacer  Read Replies (1) | Respond to of 4969
 
Steve,
Thanks for helping everyone learn. Maybee you can answer a simple question for me. Is there any type of ADR that is made up of internet stocks. I'm trying to invest in that area, but don't want the capital gain problems association with an open ended fund. I'm looking for something like a spider, but internet only. I have looked and can't find anything like that.
Thanks in advance.
Rob



To: Joey who wrote (3838)11/19/1998 12:13:00 AM
From: peter michaelson  Read Replies (1) | Respond to of 4969
 
Joey:

Yes, but how is the timing of the buy-in determined? As you say, CNS needs those shorts for delivery, but when did they know they would need them?

Doesn't settlement time come into play here - T+3. The lender of my shares (so to speak) sold them (we assume here) and had to deliver the shares in three days. So why could I not get three days lead time to return them to the lender, so that lender could then deliver them to CNS?

Peter