Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Robert V. Cavaleri who wrote (540)	2/18/1998 12:49:00 PM
From: Peter H. Hodge	Read Replies (1) of 2120

<<My question however, is how do you cover this Short? Do you 'buy' back X shares of XYZ? >> You are right...yes you buy (to cover the short). And if you have sufficient margin in your account, you can reverse your position in one trade and one commission by buying double the shares you have shorted, or any amount above the number shorted to go "long".

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