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

To: Wes Stevens who wrote (62577)	1/13/2000 6:35:00 PM
From: JoF	Read Replies (1) \| Respond to of 108040

Wes, That just doesn't compute. I may be dense but the way I understand the way shorting works is like this. I call my broker to make sure they have available shares to short. They check and they do. These shares are "borrowed" from another account. This is what I was told. They are not "borrowed" from someone selling their position & they are not borrowed on the open market. As the stock price drops from where I borrowed my shares, I pick my exit point, and wait for that number to hit. I then place an order to buy to cover. The shares I buy return to my broker. What have I missed? Or have I been misinformed by my brokerage house? Thanks, Jo