Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IRID - Iridium World Communications IPO Announced! -- Ignore unavailable to you. Want to Upgrade?

To: Kevin who wrote (2063)	6/24/1999 3:14:00 PM
From: tsunami	Read Replies (3) \| Respond to of 2693

<IRID> Shorted @ 13 13/16. Looks like a short term top. good luck! tsunami

To: Kevin who wrote (2063)	6/24/1999 3:25:00 PM
From: CMon	Read Replies (3) \| Respond to of 2693

We aren't misunderstanding each other. One can also say that one is "boxed" for the reverse order of what you indicated. ie: I'm short 1000 shares and buy 1000 shares to create a net position of zero but still have a borrow of 1000 shares available to me. In this example I'd be "boxed on 1000". If the stock trades higher, I can let them have the 1000 "boxed" shares without having to locate a new borrow. (But I still must sell it according to my net position, here as a short.) One might do this if it is anticipated that the borrow will be difficult to locate if the stock presented an new opportunity to short shares.