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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Ken M who wrote (20655)	3/8/1998 11:12:00 AM
From: Paul Reuben	Read Replies (1) \| Respond to of 97611

<<Some money managers are benefiting from the tech stock decline by selling the shares short. In a short sale, an investor sells stock he doesn't own at the market price in anticipation of a drop in price. The investor then borrows the shares and buys them after they drop, profiting on the decline.>> Mustn't one borrow the shares before selling them in the hopes of buying them back later at a cheaper price (to then give them back to the lender)? It is the borrowed shares that are sold. I don't mean to quibble, mind you, I just want to get the facts straight. Regards, Paul