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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: McNabb Brothers who wrote (16898)	1/12/1999 12:17:00 AM
From: put2rich	Respond to of 18691

Thank Mc Nabb, but hope my fate not that bad...Hope I buy and it is up good then I bail right away.

To: McNabb Brothers who wrote (16898)	1/12/1999 1:46:00 PM
From: Eric Klein	Read Replies (3) \| Respond to of 18691

Have you ever heard of this? On E-Schwab when you choose a transaction you can buy, sell, or sell short. I mistakenly sold some stock that I didn't own. When I called to try to cancel the mistaken sale, they said "No Way!". I could either buy the stock today so that when the transactions settle in 3 days the shares were in my account, Or, They could try to find shares to borrow to convert the sale into a genuine short sale. I accepted this (stupidity is it's own reward) but it got me to thinking. Could you do the same thing deliberately? i.e. Sell shares you don't own, but without the formality of first borrowing the shares. If so, it would allow the day-trade short sale of any stock, irregardless of whether there were any shares available to lend, irregardless of whether there was an uptick in the stock price. What do you think?