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Non-Tech : Invest / LTD
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To: 007 who wrote (4227)10/14/1998 8:50:00 PM
From: Lee Lichterman III  Read Replies (1) of 14427
 
>>>and the transaction is treated as a loan. You will be charged interest on your short until you cover. <<<<

Actually, you should earn interest on the shares until you cover. Some of the discount brokers don't do so but the better ones do. You are NOT charged interest because you sold the shares already and the brokerage firm now has extra funds to play with.

Lee
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