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Re: ZAP, LFG, TOPS, CUBS


  • To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
  • Subject: Re: ZAP, LFG, TOPS, CUBS
  • From: "S. McGuire" <netvest@xxxxxxxxx>
  • Date: Thu, 17 Sep 1998 15:07:08 -0400 (EDT)
  • In-reply-to: <011f01bde26a$81bb7a00$ec928318@xxxxxxxxxxxxxxxxxxxxxxxxxxx>

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I've used it for over a year and have been very pleased.
<BR>&nbsp;

<P>Gary Kramer wrote:
<BLOCKQUOTE TYPE=CITE>&nbsp;<FONT COLOR="#000000"><FONT SIZE=-1>Dont waste
your time!!!&nbsp; Fills suck, execution sucks, CUBS is always down.&nbsp;
I tried it for 1.5 weeks and closed my account.&nbsp; You will be sorry
if you try it!!!</FONT></FONT>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px"><B><FONT FACE="Arial"><FONT SIZE=-1>-----Original
Message-----</FONT></FONT></B>
<BR><FONT FACE="Arial"><FONT SIZE=-1><B>From: </B>bshumake &lt;bshumake@xxxxxxxxxxxx></FONT></FONT>
<BR><FONT FACE="Arial"><FONT SIZE=-1><B>To: </B>RealTraders Discussion
Group &lt;realtraders@xxxxxxxxxxxxxx></FONT></FONT>
<BR><FONT FACE="Arial"><FONT SIZE=-1><B>Date: </B>Thursday, September 17,
1998 1:33 PM</FONT></FONT>
<BR><FONT FACE="Arial"><FONT SIZE=-1><B>Subject: </B>ZAP, LFG, TOPS, CUBS</FONT></FONT><FONT FACE="Arial MT Black">From:
Bill Shumake</FONT><FONT FACE="Arial MT Black">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
bshumake@xxxxxxxxxxxx</FONT>&nbsp;<FONT FACE="Arial MT Black">I
am interested to know of the experiences any RTs may have had using the
ZAP and/or LFG to trade the S&amp;P.&nbsp; I am curious if the claims of
having orders in the hands of the floor brokers via Cubs units in 2 to
3 seconds is accurate, also any problems that might have been encountered.</FONT>&nbsp;<FONT FACE="Arial MT Black">Thanks!</FONT><FONT FACE="Arial MT Black">Bill
Shumake</FONT></BLOCKQUOTE>
</BLOCKQUOTE>
&nbsp;
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</x-html>From ???@??? Thu Sep 17 11:18:33 1998
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From: "Don Rea" <ddr@xxxxxxxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Shorting Stocks
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Alberto,

I had the same problem with Scottsdale Securities on August 31.  I tried to
short Lone Star Industries.  Average volume appears to be around 100,000
shares per day.  Perhaps discount internet brokers won't search hard enough.
Can any RealTraders out there fill us in on why certain brokers may have
trouble finding shares to borrow?

Don Rea
-----Original Message-----
From: Alberto Torchio <atorchio@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, September 17, 1998 4:24 AM
Subject: Shorting Stocks


>RTs,
>
>How does shorting stocks really works? I have sometimes placed orders to
short certain
>stocks and my broker returned to me that they were unavailable for
borrowing.
>
>Now, I've always thought that the brokerage was expected to borrow the
stock from any
>clearing company, whereas I suspect thay bound themselves in searching it
by their
>clearing corp. The reason I think so is that a friend shorted some issues
(with Datek)
>my broker told were "unavailable".
>
>So, how does it really work?
>
>Furthermore, I'd be pleased to know about Listmembers who have been able to
short
>realtively illiquid stocks with their brokers.
>
>As always, thank you all for your contribution.
>
>Alberto Torchio
> Torino, Italy
>
>
>
>