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Technology Stocks : BORL: Time to BUY! -- Ignore unavailable to you. Want to Upgrade?

To: Mark Bracey who wrote (7136)	11/5/1997 10:14:00 PM
From: Neil Booth	Respond to of 10836

But what does it mean "Shorts Cover"? It means the people who are short the commodity cover their position, i.e. get out of it. As they are short, that implies buying the commodity. The commodity could be anything - gold, FX, stocks, options, futures... Neil.

To: Mark Bracey who wrote (7136)	11/7/1997 4:28:00 PM
From: Ghassan I. Ghandour	Respond to of 10836

Mark - Sorry for not answering sooner. Normally, you would buy a stock at 6 and sell it mauch higher, say at 20 thereby making 14 points profit. If you have the right account, though, and you think that the stock is too high, say at 20, for what you know about the company and its business, you could just sell a stock, say at 20, without having owned it, then hopefully, sometimes later, buy it at 10 (say). Before you buy back you are "short" the stock. When you buy back, you are "covering" your short. I hope this answers your question. Regards... Ghassan.