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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies
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To: EaglePutt who wrote (58861)2/27/1999 6:36:00 PM
From: CoffeePot  Read Replies (1) of 119973
 
From ETrade help desk regarding short sells:

Warren E*TRADE C/S
If you sell securities in your account without entering it as a short sell, and the order executes, you'll be in what's called a "sold-not-long" violation--and will have to buy back the shares immediately.



I also understand any profits from the transaction are withheld.
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