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Non-Tech : J.B. Oxford
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To: frank meysamy who wrote (1099)2/19/1999 3:18:00 PM
From: Sun Tzu  Read Replies (2) of 2220
 
I did cover at 33. In a manner of speaking. What I did was that I put an order to buy the stock for the long side of my account without actually closing my short position. This covers me from the up move and I don't have to worry about not being able to barrow the stock again. I later sold the long position for a modest profit so I am now net short again. I debated with myself yesterday if I should do the same thing again. I did not and missed on making some good money today. O' well, can't have them all.

Good luck,
ST
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