DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Eric P who started this subject	2/17/2001 3:35:36 PM
From: Doug	Read Replies (3) of 18137

Anyone: When shorting I find I am at the mercy of the Brokerage .My observations are as follows. a: Often I am allowed to short new issues (IPO's) a short time ( 1 week and less) b: On popular issues, if there is a weak positive close above the short price, I get a close out saying they needed the stock. c: On short positions that are in free fall , I get a close out saying they need the stock. When starting my account , I was told that they follow the last in, first out rule for calling on the shorts but they dont follow it for large clients. No details are transparent. I would like to know how the short positions are regulated and what safeguards are there that they are not using my shorts for their own gains. Thx.

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