You want the vanKampen Lighthouse.
Your stock is Rio Tinto (RTP).
RTP got a run-up on a buy-out rumor. RIO was on sale, today, so I bought some. I had sold for a nice profit, then watched it climb on up. I'm delighted to get back in. If it goes down, tomorrow, I'll buy some more.
You call your broker and say...I'd like to buy some rio.
he tell asks how much, you tell him, and then you say yes.
it's not hard.
Some people even can buy it through an on-line broker...
Then you stand back and watch your money grow....don't even have to water it
The better question is, why would you be dumb enough not to cover your short? I mean the longer you wait, the more painful it's gonna be. You see the heavy short interest on this stock is due to bozo's like yourself that see a lot of "debt", don't know what it was for, and decide its prime time to short.
The reality is that by the time you figure out you should have went long instead of short my "long" dick will be so far up your pennyless a$$ you won't be able to run cause the stock will be heading to $60 as you and your foolish friend bid the stock up while covering. All the while I'll be screaming Booya Skidaddy as the register rings in the background.
Scottrade looks to be a good online brokerage if you don't mind taking risk on by yourself. If you don't feel comfy or aren't up for your own homework or due diligence (at least an hour per stock per week just to see if it's still worth owning next week) then you might wanna call a broker. And there's no shame in that.
Since I couldn't afford the $500 upfront account fee for Scottrade, which happens to be one of the cheapest in the online brokerage industry, I instead opted for Sharebuilder back in November '06, which costs zero to open. Trades, however, are $4 to buy on Tuesday if set up prior to Dow closing on Monday, or $15 and change otherwise. Same with sales of stock or equities. $15 and change per transaction. Not geared towards the day trader, in other words...unless the day trader in question is highly auto-sado-masochistic. That could get expensive quick. Once I build up my account enough, I might switch over to Scottrade. Not everyone has non-earmarked funds just laying around though, and I can thoroughly appreciate that sentiment.