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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: gbh who wrote (16014)10/1/1998 9:32:00 PM
From: tom pope  Read Replies (1) of 120523
 
>>unlike regular securities, these index trusts are not subject to the "uptick" rule<<

gbh, you have made my day. I use SPY's as an investment vehicle (tho not these days) because of their advantage over fee based index funds- why anyone would buy an index fund and pay management fees when you can buy SPY's has always been a profound mystery. But until you came along, I never knew that SPY's were not subject to the uptick rule.

Too many times I've lost a good short because I couldn't get an uptick until a half point had already run away from me. And I don't like buying index puts because when they make sense to buy the volatility premium is usually too high (unless you're a lot more prescient than I am). The VIX above 40 is no time to buy index puts.

Thank you, thank you, thank you.
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