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To: Satellite Mike who wrote (3211)	4/21/1998 1:58:00 PM
From: Doo	Respond to of 164684

High? There are other possibilities, aren't there?

To: Satellite Mike who wrote (3211)	4/21/1998 3:42:00 PM
From: Walter High	Read Replies (1) \| Respond to of 164684

Michael: Are you disagreeing with my calculation? I am assuming that if you buy $10,000 worth of a stock (long) and it goes to $20,000, you have doubled (and made $10,000). If you sell short $10,000 worth of a stock and it drops to zero, you make $10,000 (essentially the same as the long position going to $20,000). That seems to be to be essentially doubling your money for practical purposes. You have the same liability in either case. But as I said before, the possibility of a stock dropping to zero is almost nil and from other threads I have read, a stock that did go to nil was hard to cover and caused enormous problems getting out! Better jump when it hits one! Walter High