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Text File  |  1993-01-26  |  1.2 KB  |  27 lines
  1. Newsgroups: misc.invest
  2. Path: sparky!uunet!cs.utexas.edu!asuvax!ncar!aurora.hao.ucar.edu!pag
  3. From: pag@aurora.hao.ucar.edu (Peter Gross)
  4. Subject: Re: Short Squeeze on Federated Dept. Stores
  5. Message-ID: <1993Jan26.060643.2113@ncar.ucar.edu>
  6. Sender: news@ncar.ucar.edu (USENET Maintenance)
  7. Organization: Malco Partners
  8. References: <1993Jan11.142734.1890@falcon.aamrl.wpafb.af.mil> <73403@cup.portal.com> <tnickles.727391452@beagle> <1993Jan20.190714.10142@mobil.com> <C18K61.IqA@cs.uiuc.edu> <1993Jan24.030207.3168@ncar.ucar.edu> <1993Jan25.150351.5842@mobil.com>
  9. Distribution: usa
  10. Date: Tue, 26 Jan 1993 06:06:43 GMT
  11. Lines: 14
  12.  
  13. In article <1993Jan25.150351.5842@mobil.com> etpeters@dal.mobil.com (E. T. Peterson(Eric)) writes:
  14. >In article <1993Jan24.030207.3168@ncar.ucar.edu>, pag@aurora.hao.ucar.edu (Peter Gross) writes:
  15. >|> Sorry, Larry, your broker is feeding you BS.  There is no rule against shorting
  16. >|> a stock under $5.
  17. >
  18. >Are you sure?  I have been told this by two separate brokerages, and several
  19. >other posters have made the same statement.
  20.  
  21. I am sure.  The supposed "rule" is one imposed by your broker, not the SEC
  22. or exchanges.
  23. --
  24. --peter gross
  25. pag@scg.boulder.co.us
  26. (303)-447-1374
  27.