Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: JoF who wrote (62585)	1/13/2000 6:41:00 PM
From: Wes Stevens	Read Replies (1) of 108040

You have it mostly right. The stock is borrowed but it also has to be sold in order for you to be short. It is sold on the open market like any other stock sale. Think about it. If they did not sell the borrowed stock then your own brokerage is holding your short and betting against you. When you cover you buy on the open market and the stock goes back to your broker.

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