HWP -- Hewlett Packard Message Board

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Technology Stocks : HWP -- Hewlett Packard

HPQ 23.96

+6.0%

Nov 21 9:30 AM EST

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To: Oeconomicus who wrote (1872)	2/19/1998 7:07:00 PM
From: DWW II	Read Replies (1) of 4722

R.D., Short against the box is not an option now with the new tax laws. This does not prevent a person from shorting a stock that he or she is long on. My theory is that I don't want to sell my "long term hold" position, so, I want to short an equal amount of stock and cover the short for a profit if it goes down. If it continues up, I am going up with it, dollar for dollar, with my "long term hold". If it was obvious that it was not going to retreat, I would have to cover the short for the loss, and sell my long position for a dollar neutral transaction. Example: I have 400 of HWP at $50 It goes up to $68 ___ $18 x 400 = $ 7200 I short 400 at $68 It goes back to its usual $61 ___ $ 7 x 400 = $ 2800 I did not realize the $ 7,200 because I did not sell my long position. I did realize the $ 2,800 because I covered at $ 61. Sound Good? DWW II

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