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To: GVTucker who wrote (86358)7/29/1999 2:49:00 PM
From: Elmer  Read Replies (1) | Respond to of 186894
 
Re: "Please note that interest is paid to a short seller, not from a short seller. When a stock is sold short, the cash proceeds are credited to the short seller. This cash earns interest."

Not at most brokers. They charge interest when the position is in the red, they pay interest when it's in the black.

EP



To: GVTucker who wrote (86358)7/29/1999 9:54:00 PM
From: Paul Engel  Read Replies (1) | Respond to of 186894
 
GV - Re: "Please note that interest is paid to a short seller, not from a short seller. "

Are you serious ?

When somebody short sells a stock, and that stock subsequently RISES, the short seller is charged interest on the net LOSS he has incurred - until he covers his short position.

I thought you were in the securities business ?

Paul


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