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Technology Stocks : JMAR Technologies(JMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Jay Erlandson who wrote (4399)	12/8/1997 6:00:00 PM
From: Starlight	Read Replies (1) \| Respond to of 9695

Jay - When you "short", you sell shares you don't own with the obligation to "cover" the short by buying the shares later and delivering them. Hopefully, you'll be able to buy them at a lower price -- and if you're really lucky, the stock will go to zero.<g> That does happen on occasion. If someone shorted JMAR at 4 1/2, for example, they can cover at any time below (or above that price). One thing I'm not sure of is whether there's any time limit on covering. Could someone tell me? Also, if the stock goes UP instead of down after shorting, I believe it is treated as a debit to your account, and you have to pay margin interest. (Again, maybe someone has better information on this than I have.) Betty