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Re: [sharechat] Shorting Stocks

From:	"Kiwi" <Kiwi@Pitstock.com>
Date:	Wed, 10 Jul 2002 18:47:59 -0400

> Most interesting, are there any time limits as to when you must buy to
cover
> the short?
> Roley

I have held US stocks short for long periods (1 year) and had no problems. I
have also been short for only a few minutes too. There is one funny catch.
If you short a stock and they go out of business you dont get to cover. You
just get all the money as the shares you borrowed no longer exist so hence
you dont need to return them.

Oh yeah, dont forget that you have to beat the exchange rate just to break
even if you are trading US stocks. The NZ dollar may have broken a long term
down trend... or should I rephrase that.... the US dollar may have broken a
long term up trend.

Kiwi


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References

[sharechat] Shorting Stocks Phaedrus
Re: [sharechat] Shorting Stocks Roley Rackley

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