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To: Elroy who wrote (3042)	4/2/2007 11:51:39 AM
From: Sr K	Respond to of 20435

To: Elroy who wrote (3042)	4/2/2007 11:52:22 AM
From: Sr K	Read Replies (1) \| Respond to of 20435

You can only short a maximum of 50% of your total position at the time. So you can only short $50 of a $100 cash position. And if not before the close today, you have to wait until April 27. And then it costs 50 cents to buy to close.

To: Elroy who wrote (3042)	4/2/2007 11:54:06 AM
From: Taro	Read Replies (1) \| Respond to of 20435

You should add in a rule to the header that when you cover a short, you pay 1% commission on the amount. That way closing out a short position has the same transaction cost as selling a stock. I thought that would be obvious the way we handle shorts here. But better make it clear so consider it done. Taro