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Strategies & Market Trends : Classic TA Workplace

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To: illyia who wrote (69981)	3/30/2003 2:12:19 AM
From: mishedlo	Read Replies (2) of 209892

no money on it. Just an observation. Last year on some hard to get issues I was both long and short in the same accout with Fidelity. I had this play on on so many stocks it was hard to keep track of. Twice I had thought I had balancing positions but did not have them and lost a lot of money before I noticed it. IB does not have the same problem getting shares that Fifelity has but I bet some issues still are tough. Here is one that might play out like I think. NCEN 31% short I bet if bad news comes out it will be impossible to find shares to short. I would guess right now some big hedge fund is both long and short huges blocks of this POS waiting for bad news and then selling the longs right on that bad news. It will be ugly. The big advantage of this play is you are not scrambling to borrow shares at a time they will be hard to get. You also avoid the uptick rule because you are selling shares you have. Plunge city. M

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