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

To: Scott Pedigo who wrote (8615)	1/20/1998 5:38:00 PM
From: david thor	Respond to of 10836

Scott, <. For BORL as of 12/97, it was 4,270,816 shares short compared to avg. volume of 680,598. I take this to mean just what it says, that 4 million more shares have been sold than exist. > I'll take a stab at a little part of it. There are 38,336,000 shares outstanding; that's the number you have to compare your 4M short figure against (about 10% short). Looking at your figures, did you misplace a comma in the outstanding quantity? Dave

To: Scott Pedigo who wrote (8615)	1/20/1998 8:35:00 PM
From: Paul Corbett	Read Replies (1) \| Respond to of 10836

You don't short shares that "don't exist". When you sell short, your broker has to borrow the shares to sell and you get a credit in your account for the "sale".Presumably you need to deposit some equity so your broker will do this for you. When the price falls you buy back the shares at a lower price thus cancelling the transaction.Your broker returns the shares he borrowed to whoever he borrowed them from. Of course if the price rises you must buy back the shares at a higher price and lose a lot of money Needless to say it is a very expensive procedure in terms of commissions,etc.. Your broker will advise you further