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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: SLSUSMA who wrote (13636)	5/10/2000 11:14:00 AM
From: BWAC	Read Replies (3) \| Respond to of 13953

Another totally incorrect assertion: <stay around $20 and offer a short no incentive to cover. The money one pockets from a EGRP short can be used to buy the stock of a real company.> Nope. Wrong. Shorting takes margin ability and/or lowers your buying power just as any other added risk trade does. Staying in a dead money short hinders your trading ability just as much as a dead money long. The instant cash one pockets from selling short is of no use to anyone but your broker. Unless you are Mr. Hedge Fund himself, you will not be getting interest, nor will you have free use of that cash.