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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Alf who wrote (2865)	4/17/1998 3:50:00 PM
From: steve goldman	Read Replies (2) \| Respond to of 4969

Tim, Regulation T requirements for margin deposits on short are same for long..must deposit equity of 50%....maintanence varies from short to long. You have 40k buying power or 40k short power. alsoyou are talking ticks where nasdaq shorts go with bids.. ie..uptick vs. upbid rule. if bid isup, you can hit the bid, else you have to sell atleast 1/16 above bid.... Perhaps this clarifies and just apply the rules to your examples. Regards, Steve@yamner.com

To: Alf who wrote (2865)	4/18/1998 8:55:00 AM
From: funk	Read Replies (1) \| Respond to of 4969

>>> Do I have $ 40,0000 to use in this example ? I assume that the first order goes in at 44 1/4 - bid not to sure when covering if it goes at the bid or ask To end a short trade you have to buy back the stock... "buy to cover". So if you just hit the ask then that's that, if you work your own order then you can line up on the bid and wait for a seller to puke up his shares to you. So it's a buy for you to end the trade and how you execute that buy depends on what tools you have available. funk