USAT Long Distance Telecommunications Message Board

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Technology Stocks : USAT Long Distance Telecommunications

USAT 10.55

-0.3%

Nov 13 4:00 PM EST

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To: TIMBO who wrote (261)	2/3/1999 10:50:00 PM
From: Brett S.	Read Replies (1) of 397

Timbo... I am sorry... I am not getting it, I am new to shorting. Lets do this again and slowly, If I short a stock ... (selling shares I don't have but have to have the $$ value in my account to cover the short sale) ...... If I short a stock, my cash is tied up to cover my position and I hope to buy back cheaper to "cover" and keep the difference as my gain. Sooooooooo........ how to I "cover" and realize the "gain" if the stock never trades again? Does my broker free up my cash now? Sorry... just trying to learn.

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