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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 232.37

-0.9%

3:59 PM EST

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To: UFGator93 who wrote (9356)	7/8/1998 7:23:00 AM
From: Winter	Read Replies (1) of 164684

Another advantage of using the boxed/unboxed approach is that you can create the short position without waiting for an uptick which is the rule for a normal short. When you have both a long and short position already (you are neutral the stock) then to go short you simply sell your long position - since there are no restrictions on the sale of a long position you are not hampered by the uptick rule. I know I've been frustrated pounding on Datek trying to get a short sale to go through when there are no upticks, unfortunately Datek doesn't allow boxed positions with their interface so I can't do it without using two separate accounts.

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