Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (6944)	4/14/1998 4:16:00 PM
From: space cadet	Read Replies (4) of 18691

Nice move, Roger. I just got back to my computer, but the whole internet market looked weak at the end. In fact, I tried to short one of them at the close but there wasn't an up bid so I lost out. I feel like if INTC comes out with some downer numbers and statements the market including even the internet balloons could tank, right from the get go tomorrow. Too bad I couldn't get in. Which brings me to a question about shorting. I know you need an uptick to short. Could I have told my broker, buy me 100 shares at the market and then using that uptick immediately sell short 1000 shares? Is this legal? If so it seems like the perfect way to get around that damn uptick rule. I am expecting a correction here, but I think it may be over with by the time MSFT reports earnings next week. And then maybe another run to 10K. I just hope tomorrow the market doesn't open way down so us shorters can get into some decent positions. All depends on intel, though...

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