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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (3502)	1/22/1999 9:51:00 PM
From: Mark Z	Read Replies (1) \| Respond to of 7382

Tom - RT will pop up a dialogue box alerting you that you don't have in your account the shares to sell and ask if you want to sell them short. Related quirk I've run across - You try to short 500 shares and get filled for 346. You don't notice the short fill and later place an order to buy 500 to cover. RT will permit this and if the market is there, you will receive a fill for 500 shares. Your original short order is still open (it must be for this to work) for 154 shares the amount your account is now long. You can cancel that order and sell the 154 when you wish at a different price than the original short limit. Eric - the rules for day trading shorts are, for all practical purposes, identical to the rules for going long except, as Tom noted, the clearing firm/broker has to have the shares to short. I suspect the question in Funk's post was more strategic i.e. Do I want to hold this overnight or not?