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Strategies & Market Trends : From the Trading Desk

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To: Alf who wrote (2865)	4/18/1998 8:55:00 AM
From: funk	Read Replies (1) of 4969

>>> Do I have $ 40,0000 to use in this example ? I assume that the first order goes in at 44 1/4 - bid not to sure when covering if it goes at the bid or ask To end a short trade you have to buy back the stock... "buy to cover". So if you just hit the ask then that's that, if you work your own order then you can line up on the bid and wait for a seller to puke up his shares to you. So it's a buy for you to end the trade and how you execute that buy depends on what tools you have available. funk

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