Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: The Perfect Hedge who wrote (7429)	1/9/1998 6:20:00 PM
From: Lucretius	Read Replies (1) of 95453

Probably won't go back up. I've never seen a stock recover from the weekly formation it is showing on the chart. (ggg) shorting againt the box is shorting your own position. ie--long NE 10000 shares so short 10000 shares. It effectively sells position. Used to be used to lock in gains and yet postpone the tax gain until next year when the positions were closed out. Can't do it anymore though since they changed the tax laws this year. Come on guys, that's INV 101! (gg) Don't know why Thean was recommeding it. Just sell if you want out. Save you transaction costs!

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