On selling short: short poem for Paula

[Greg Nowell]

Paula has mentioned that she has discovered you can
make money when the stock goes down as well as up, and
that she's trading on margin.  And here's the famous
Wall Street poem on selling short:

He that sells what isn't his'n
Buys it back
Or goes to prison

Which is useful to remember if your shorts don't pan
out.  And remember that liability on the short
position, unlike the potential losses of being long,
has no theoretical limit.  -gn.

--
Gregory P. Nowell
Associate Professor
Department of Political Science, Milne 100
State University of New York
135 Western Ave.
Albany, New York 12222

Fax 518-442-5298