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Microcap & Penny Stocks : Diamond Entertainment Corp (Previously DMEC) -- Ignore unavailable to you. Want to Upgrade?

To: ETS/316 who wrote (4290)	6/3/1999 8:09:00 PM
From: Cola Can	Read Replies (1) \| Respond to of 6957

Can someone please explain "short position" and how it works exactly Say a MM has no shares to begin with. Somebody buys 50,000 shares, and the MM fills the order, even though they have no shares. They are now 50,000 shares short. Now, they must come up with those 50,000 shares, because they have already sold them. If someone sells 45,000 shares, then the MM's have covered 45,000 of the 50,000, and now they are only 5,000 short. CC