Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: moby_dick who wrote (10333)	2/10/1999 1:21:00 PM
From: Mama Bear	Read Replies (1) of 122087

"Did I do something illegal, or is this a loophole in the system?" moby, I don't know about illegal, but it may be. You did short naked. I did that once at Waterhouse with an accidental PSFT double sell. I don't think it's a big deal, as long as you buy before settlement. If it were me I'd clear it as soon as possible, especially if I had a profit. I don't think you'll have the luxury of holding it through if the market were to turn against you for some reason. Sometimes when I run into a really ripe short that I can't borrow, I'm tempted to 'accidently' sell it. I never do, because it adds in risk factors I don't want to deal with, and it's not honest. I mean to do it on purpose. Barb

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