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9:00 Do "real" mail. Pay phone bills.

Decide to postpone full spec light a bit. I don't know how to hang it...

More mail. Windsor IRA news.

I think I have all the tax reports I need to do taxes.

Other financial mail. Finish it up.

10:45 To mail box. Bank for cash, and tell 'em to just roll over interest on CD. Make post-it note for CD certificate.

11:15 Film stop. Errands. Lunch. Cannot just by it & deliver & take loss.

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12:45 Put away yesterday's Infoworld & VL.

1:30 -----

Look at Schwab stuff on margin & shorts. Call York ~ shorts (taxation of exercised call) & role as market maker. Why do I pay commissions instead of spread. Can do it either way...comes out the same.

3:00 Go to Schwab for up-to-date brochure of short selling. Got two kinds. To Fed Bldg for tax publications. Got a bunch more than what I need now. Got one on taxation of stocks, short sales. To library for last Friday's VL. In case it snows!

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At home, think about reasonableness of not getting interest in cash from short sale. Put stuff away

5:45 Start writing note on shorting. Check CMA for computation of borrowing power & auth limit. BP is 70% of priced portfolio. Auth is money funds & BP. And it's much greater now that legend is lifted. Also write note on unlikeliness of funding some I'd want for a close buddy.

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Add some notes to "Routine" and its prmise that I must spend most of my time by my records. Why go to LA if

Write note on todays revelations about shorting and VL Groups 1 vs 5.

9:30 Read over what I write. Put it aside for a few days, while I do taxes & contribution index cards.

9:45 WSJ. Make new daily price sheet.

10:15 -----

Start Chap 11 of Bonfire.

Snowing quite hard, so go to QFC.

Read up to 268, about 2/3 thru Ch 11

12:00 To bed. One Amit.