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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Jma who wrote (4365)	1/19/1999 2:37:00 PM
From: Jerry Miller	Read Replies (1) \| Respond to of 13953

"If I oversell a stock and buy it back at a lower price, do I make money or lose money on it?" sounds like the key word here might be "oversell". you can't sell what you don't own, so the transaction would wind up being a non-event. fraught with hassle. doubt they'd let you get away without paying commissions on it either. so, a small loss in that sense. on the trading page there are two sell positions. "sell to open" and "sell to close." it makes a big difference which one you click going in.

To: Jma who wrote (4365)	1/19/1999 4:38:00 PM
From: italiana	Respond to of 13953

Jma, Made the same mistake last Wednesday. I placed two buys of 300 shares, one at market and one at ask. I though both were executed, but only one was. Later that day I sold 600 shares at a profit. I then called ETrade and asked about the mistake. Was told the same as you, that I needed to buy back the 300 or ETrade would in 48 hours. The next day I bought 300 at 2 points lower. The next following day my account balance showed the additional $600 profit. The problem is I still have the 300 shares on my Unrealized Gains and Losses and my account position. The trade does not show on your tax records. In fact I'm going to email ETrade today and request them to please remove the extra 300 from my account. I envoy your ability to purchase 1000 shares of ETrade. Hope these helps. italiana