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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?


To: Fred C. Dobbs who wrote (27167)2/12/2000 1:56:00 PM
From: Jim Bishop  Read Replies (1) | Respond to of 150070
 
Covering = buying a stock that you are short - covering your short position.

MM's sell stock they don't own, sooner or later they have to buy that stock they already sold, and of course, they want to buy it back at a much lower price. MM's profit is the spread, either way.

Following is a link to a GREAT site.

rookiedaytrader.com