To: Mike C2 who wrote (2854 ) 2/8/1999 1:02:00 AM From: Mama Bear Read Replies (1) | Respond to of 3458
"there is no margin required upfront? " Of course there are margin requirements mandated by the Fed. When you say 'cost', I think of money out of pocket, e.g. margin interest. I acknowledged the potential of opportunity cost. That is when you have your money tied up, oh say in a halted stock, and could have it profitably invested elsewhere. "And you collect interest on the proceeds of the short sale? " Someone with a significant account can. I don't, as I'm just a small fry, and my broker laughs and says go ahead if I threaten to take my business elsewhere. If I had $100 million, he would likely make an accommodation."I'm curious about A-man's recent hyperactivity re. ABTE and am wondering if the rise in trendlines in so many of his acknowledged short positions is forcing buyins that are contributing to further increases in share prices. " There's just no way to know, now is there? Of course I don't see anything peculiar about his recent activity in ABTE, BWDIK? Of course the numbers just don't fit in with your speculation. ABTE was over 15 when he published his sell rec, it had been as high as 20+ previous to that. It hadn't been below 14 before May. I think that you're mistaken in your conclusion that he makes these press releases because he's 'worried' or 'getting squeezed'. I just think it's the way that he is. BTW, you might notice that the floating turd effect that you've noticed is not limited to Asensio stocks, further indication that speculation that it has something to do with his portfolio is nonsense."It seems ridiculous to try to hold the company responsible for the irrational exuberance in last summer's sharp rise into the teens " You're probably right about that. I blame it on folks who 'invest' without even bothering to look at the financial filings of a company. The perfidy of TRBD was there for anyone who looked to see. Barb