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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: JoF who wrote (62571)1/13/2000 6:27:00 PM
From: Wes Stevens  Read Replies (1) | Respond to of 108040
 
You need to take another look at the how a short works. The borrowed shares that were sitting in an account are sold on the open market. To the market it is no different then a person selling their stock after being long.



To: JoF who wrote (62571)1/13/2000 6:28:00 PM
From: $Mogul  Read Replies (1) | Respond to of 108040
 
In this case shorts were not shorting the shares.. it seems as if they were trying to instill fear and panic by bidding in the $1's and selling shares really cheap so that they can influence tomorrow's open so they can cover.


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