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To: Rex Dwyer who wrote (1828)10/1/1998 4:13:00 PM
From: R.E.B.  Respond to of 2640
 
No, you sell at the bid and cover at the ask. Therefore the bid is your starting point and since the market the next day opens at the bid, there is no change yet.

On the last day, they will have to cover at the ask and that will be when the chicken comes home to roost. Right?

R.E.B.



To: Rex Dwyer who wrote (1828)10/1/1998 4:21:00 PM
From: Mama Bear  Respond to of 2640
 
Rex, it isn't quite a 5 to 20% advantage in my case. Most if not all the stocks I picked to short trade a spread of 1/16, and 3 were over 100 per share. 1/16 on 100 is 0.06%. But I agree with you, what's sauce for the goose is sauce for the gander. I have no problem with poor Forest Gump editing my entries to reflect a sell at the bid. I even entered it into my tracking port that way.

techstocks.com

Not a bad day considering the monsters I chose to short.

Barb