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MinnieM

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MinnieM

Re: valorie post# 13335

Monday, 03/03/2008 12:30:22 AM

Monday, March 03, 2008 12:30:22 AM

Post# of 20865
DCNM...Val, closing/covering a short position involves a buy, not a sell.

You sell shares you don't have when opening a short position. You buy shares at a lower price and keep the difference when closing the position. The lower the stock goes, the greater the profit for the short position.

Regarding:
"This is the absolute worst time to sell this stock (unless you're covering a short position) and we are off the sho list."

My opinions are worthless to most since I don't know anything about your bank account or trading style. Your own entry and exit points will determine whether or not you made a good trade.
I'm in many I never mention, & discuss some I'm not in.

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