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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: sandshark who wrote (7352)10/22/1997 1:07:00 PM
From: FTJoe  Read Replies (1) of 55532
 
I think you embarrased yourself with the following statement. You only covered the possibility of shorting a stock and then when it goes down. The point you were responding to was a guess that someone shorted BELOW the current price and had to come up with money to cover. You do understand that if you cover and the stock is above what you shorted it at, you must come up with money somehow? Don't you?

<When you sell a stock short you create a credit in an account. You don't have to sell anything else to be able to buy it back. That is the principle behind selling short in the first place. You hope that the stock goes down and will cost less to buy back than the amount credited by the short sale.>
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