Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Melissa McAuliffe who wrote (1132)	6/19/1998 12:14:00 PM
From: dpl	of 2120

> Actually, I think I'll call Fidelity w/the same questions about reserving stock for a short. I'll let you know what I find out. Melissa< Yes you can.I do it all the time.Just call and ask to get a "tag number" for x amount of shares.You then can short that amount anytime that day.I do it before the opening.One problem at Fidelity is their software takes about 3 min to get a short order in and therefore it is faster to call a broker. On the positive side short sales are free from comm.You only pay for the buyback.Also if you have a problem knowing if an order is filled or not they will call down with you on the phone to find out.That happened to me once in a very active stock. In general Fidelity is not slow but also is not very fast.In fact I have been thinking of moving on. David

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