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To: john price who wrote (17800)	5/16/1998 5:07:00 PM
From: Turboe	Respond to of 27968

You short just like any other stock... Pick a price and sell it and hope you can cover in three days...

To: john price who wrote (17800)	5/16/1998 5:20:00 PM
From: Kurt N	Read Replies (1) \| Respond to of 27968

What Turboe is talking about is selling shares (that are not in your brokerage account) that you are long on (ie. in another brokerage account or in certificate form) for later delivery (within the 3 day settlement period). I suppose if you weren't long on a stock, but promised/lie/mislead to your broker that you would deliver within the settlement period, it could be considered shorting a BB. However once the 3 days are up it wasn't delivered the broker would buy stock to cover. Any resultant gain/loss, plus commissions are YOUR responsibility. If you think about it, it is the same thing as going long on a stock (assumeing it's a cash account) without having the money to pay for the stock in your account AND then failing to get the money to the broker before settlement (within the 3 days). If the money isn't there the broker can sell your stock. Any resultant gain/loss, plus commissions are YOUR responsibility. You can do either of the above, however I suspect that you will severely tick off your broker (and may be looking for a new one) if you consistantly do this over and over. Might work the first time, but on future attempts they would insist that the funds/stock be in your account before a transaction. To answer your question the buying would normally be on the ask, and the selling on the bid. Kurt