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To: Jim S who wrote (235)1/22/1999 3:03:00 PM
From: Randall Thomas  Read Replies (1) | Respond to of 442
 
<<So, pardon me for being so obtuse. I just don't see how short
sellers (for which there must be borrowed share buyers) can scam
the system.>>

as part of their role to provide liquidity, market makers are not required to borrow shares to hold a short position.



To: Jim S who wrote (235)1/22/1999 3:09:00 PM
From: Bo Le  Read Replies (1) | Respond to of 442
 
Jim,

The short seller's name in LTV case is Leon Greenblatt. He sold 180 million shares ( I was wrong when I said 250 million) which is 56 million shares more than all LTV share exist at that time. He made a cool $27 million in his operation. For detail, see

worth.com

Bo Le


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