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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?


To: Kimberly Lee who wrote (4231)11/30/1998 11:02:00 PM
From: shane hartman  Read Replies (1) | Respond to of 8307
 
<<There are likely many more longs on margin than shorts, so I suspect this will have a dampening effect on these crazy internet stock prices - any comments?>>

Wrong. All shorts are on margin. Has to be true because losses are potentially unlimited. They may short less than their cash position but you have to have a margin account to do it.

Also, a lot of shorting today is bullish for the stock, short term trades that is.