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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (11183)	3/6/1999 2:23:00 PM
From: Jon Tara	Respond to of 16892

Here's another way of looking at shorting: you're just reversing the order of the buying and selling. Nothing else changes. When you "short" (or "open" the position) it's just like any other sale. Except that you're selling something that you don't have! So, the ONLY difference in execution between a short sale and any other sale is the uptick rule. (Note that there is no uptick rule on SPY and some other index-related instruments traded on AMEX, though Datek hasn't quite caught-on yet for all of these.) There is NO difference in execution between a normal buy and a buy to cover your short.