Replies to post #170082 on Monk's Den

[steel_curtain]

Sure shorts are constantly being covered. If shares are borrowed from a MM you have to repay them. If MM's are shorting themselves then normal rules are a bit off. For example though, if you borrow 1 mil from an MM you get those shares transferred to your account. You then sell them, and lets say you sold them for .01/sh. Now you have 10k in your account. You need to repay the MM 1 mil shares. So, you have to buy 1 mil shares on the open market. Say you buy them at .005 and now you've paid 5k for 1 mil shares. Now you've paid 5k, and netted 5k profit minus trades and interest. Those trades are covered and off the MM's books.

[Cindy]

Ash,

Is the picture in your signature from the Grant Park area of Chicago? Sure looks familiar. I grew up in Chicago and worked in the City for years until I moved to Wisconsin. We just finished a large contract for Holy Name Cathedral after their fire last summer. I sure don't miss all the congestion and the wind, but I definitely miss their stuffed crust pizza and hot dogs, not to mention their summer festivals!

Cindy