Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.34

+1.1%

Jan 23 9:30 AM EST

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To: John Trader who wrote (42272)	2/15/2001 9:54:28 PM
From: Jacob Snyder	Read Replies (2) of 70976

re: shorting: 1. your potential loss is limited, if you decide on a stop-loss price when you initiate the short. The hard part is sticking to that decision, no matter what. 2. a short trade is reported just like a long trade: a sale (when you initiated the short), and a purchase (when you cover). The sale date, of course, is before the purchase date, which is the only thing that makes it different from a "long" trade. The only complication is if you also hold offsetting long positions (or "substantialy similar" equities, like LEAPs). 3. using puts or shorts as a hedge against long positions, to reduce market or sector risk, is a completely different game than what I'm doing. I'm betting the stock will stay within its 40-50 range, and I'll get a chance to cover at the low end of that range.

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