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To: Oregon who wrote (15386)	7/20/1998 5:49:00 AM
From: Larry S.	Read Replies (1) of 53068

"short" answers: Oregon, if you short a stock, you do indeed "borrow" the stock from someone. The stock comes from shares that are long in a margin account. When one opens a margin acct, he/she signs a margin agreement that authorizes the firm to make the stock available for shorting. (this in no ways compromises the ownership of the long). If you make 5K on the short, it is the same as making it on a long position. you are not making it on someone perse, but you are capitalizing on the change in value of the equity. If a company files for bankruptcy, you should still be able to buy back shares (as long as it is trading at some price) and "cover your short". If ELLE wears red, its probably because she's in the mood for some action. Larrry

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