SHorting Stocks: Education/strategies/techniques Message Board

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Strategies & Market Trends : SHorting Stocks: Education/strategies/techniques

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To: Early Bird who wrote ()	5/10/1997 2:56:00 PM
From: RWalker	of 99

Shorting against the box. Here is a scenario: Let us say I have bought 2000 shares of X @ 10 that I plan to hold for a long term hoping it would touch 30. The stock rises to 15 and I sense a down turn. I would like to be able to short the stock, say 1000 at 15 (and cover the short later) while keeping my original 2000 intact. While some brokerages let you specify your action (Buy, Sell, Short sell) others like Datek have only two options - Buy or Sell. How do I short against the box in this case? How are the other Datek users doing this? Are they using two accounts - one for long term and another for short term plays ? Also what are the other benefits of shorting against the box? I have heard that it can be used to circumvent the uptick rule. How is this done? Any explanation would be appreciated. Thank you. RWalker

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