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Gold/Mining/Energy : ECHARTERS -- Ignore unavailable to you. Want to Upgrade?

To: Bear Down who wrote (1240)	11/8/1997 3:12:00 PM
From: Matt C. Austin	Respond to of 3744

David Schechter, techstocks.com

To: Bear Down who wrote (1240)	11/8/1997 3:55:00 PM
From: E. Charters	Read Replies (2) \| Respond to of 3744

You cannot close. The stock must be listed to close a short. That is why it is so dangerous to short scam. You cannot short on a downtick and you have to put up 50% of the money on margin to short. Some brokers might want more. You can get your money back that you put up. You don't owe it.

To: Bear Down who wrote (1240)	11/8/1997 5:28:00 PM
From: bob bundy	Respond to of 3744

Should you short a stock that gets subsequently delisted you will, after a period of time, be allowed to get your entire cash credit balance from your account even though the account will still show a short position. Length of time may vary depending on jurisdiction. This however, does not mean that all your liabilities have been removed. Should that stock ever come back to trade you may be required to cover the short. If it is a scam, such as Bre-x, a trading reinstatement is unlikely and the short position will be removed from your account by the brokerage firm so that it no longer shows on their books. I say this because it happened to me.