E*Trade (NYSE:ET) Message Board

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Non-Tech : E*Trade (NYSE:ET)

ET 16.56

+0.9%

Dec 12 3:59 PM EST

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To: Stocker_Roberts who wrote (5254)	2/17/1999 10:55:00 PM
From: mod	of 13953

You didn't short the stock, you oversold it. You should have selected "sell short" on the trade order form. E-Trade is expecting those shares to be in your account by settlement date to cover your sale. They can buy you in without notice at any time, and might place a trading restriction on your account, as you may have violated the SEC/NYSE rules requiring short sales to be specified in advance and executed only on an uptick.

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