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Non-Tech : Shorting with Offshore Accounts -- Ignore unavailable to you. Want to Upgrade?

To: Mark L. who wrote (42)	2/16/1999 9:39:00 PM
From: Bear Down	Read Replies (3) \| Respond to of 127

Most discount brokers don't allow you to short BB's for one reason, MONEY. They are not allowed to charge interest on non-listed borrowed securities i.e. BB's. so nothing in it for them. This is the best answer that I can give as to why the discount brokerages don't allow it. Although I could be wrong, it is my interpretation of the system as I know it to be. I also regularly short BB's and IPO's without a problem. Although IPO's require 100% cash upfront.