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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Shelia Jones who wrote (2860)	9/18/1998 10:44:00 AM
From: Peder E. Angvall	Read Replies (1) \| Respond to of 4634

>Why not just short at the ask? Heck, how about ask+10 points? >What are the limitations? When you short, you are borrowing stock and selling it, so you need a buyer on the other end. If there is a buyer willing to pay the price, you could short it at $1 million if you want, but someone has to buy it at that price. The main limitation that they are talking about is that you cannot short on a downtick, meaning if the stock keeps dropping, you can't short until there is a buyer that causes the stock to tick up. Clear? PA