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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: WallStreetTips who wrote (6185)	5/25/1999 6:27:00 PM
From: BGR	Read Replies (2) \| Respond to of 28311

I believe that if you move your shares from the margin to the cash account they are removed from the float available for shorting, hence automatically from margin buys as well.

To: WallStreetTips who wrote (6185)	5/26/1999 1:11:00 AM
From: MarX	Read Replies (2) \| Respond to of 28311

You need not ask your broker to deliver a certificate (too time consuming and clumsy). You can accomplish the same thing by having them transfer your shares from Margin to a Cash account. This will have no effect on the GNET float but will prevent your broker from lending your shares to the short sellers (some brokers may try to talk you out of doing this because it is highly profitable for them to lend shares - they receive interest on lending your shares). They can do this even though you have never used any margin; if the shares are in the margin portion of your account they can be lent out - and they do not tell you that they have loaned your shares to a short seller. If they have already done it, your request to have your shares transferred to your cash account may, in effect, be a mini short squeeze because they have to go out and try to borrow them from another firm, and if that is unsuccessful they may have to "buy-in" in the open market. Do it. That's what I've done with my shares.