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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Duncan who wrote (37020)1/26/1999 10:48:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 

So, does this mean I could sell 400 shares of AMZN tomorrow and maintain that 300
share short as long as I bought at least 200 shares back to go long by the close.


Bob,

This is correct. It works well and margin requirements are calculated overnight so as long as you are short against the box with most of the shares, needed equity is very small.

Glenn


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