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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: robwin who wrote (12793)5/24/2000 10:25:00 PM
From: Casaubon  Read Replies (1) of 14162
 
you can't sell short at a higher price than current market prices. It is the same as going long. You sell the stock at whatever price the buyer is willing to pay. Short selling is simply reversing the "usual" order of the price. First you sell the stock ("going short") than you buy it back later, preferably at a lower price to lock in a gain equal to the difference of the sale and purchase price (just like buying the stock low first, then selling the stock higher later).

PS I don't get shorting against the box, except in very limited situations where the stock is very close to being long term capital gains but you want to sell right away.
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