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Technology Stocks : ACLY- ACCELR8. Year 2000 Stock -- Ignore unavailable to you. Want to Upgrade?

To: Andrew Abrams who wrote (1101)	2/18/1998 11:22:00 AM
From: CalculatedRisk	Read Replies (1) \| Respond to of 1518

Andrew, you are correct - if this is the only asset in your account. Your example makes this assumption. OTOH, lets say you have $100K in your account (cash and marginable securities). If you shorted 1000 shares of ACLY on 12/31/97, you would receive $27K - now you have $127K in your account. You can invest these additional funds in other stocks. (This is just an example - IMO, this would not be proper diversification) Of course, you cannot remove the money from your account! Regards, Bill P.S. Andrew, you stated you were a "professional" - on the Street?