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Technology Stocks : Software Publishing(SPCOD)
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To: IN_GOD_I_TRUST who wrote (234)7/11/1997 9:15:00 PM
From: James F. Hopkins   of 353
 
Steve; one short to many can clean out your entire account.
Never short naked, you need call options to cover your rear
and I'm sure this stock don't have them. It bothers me that
brokers do not explain the full risk in shorting, and the
ways buy stops can get bypassed..and then trigger at way
beyond what you set them at.,same for stop loss, if you don't
put in a clause, like sell at 2, but not below 1-3/4..however
on the up side you can get "bought in" at any price.
If you don't have calls to cover with , leave the shorting
to the specilist.
Jim
ps
forbes.com
that's an interesting artical, mostly about the Nasdaq
but I can tell some scams that happen on the NYSE almost
as bad.
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