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Non-Tech : Any info about Iomega (IOM)?
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To: Greg Huang who wrote (57756)10/25/1998 1:01:00 AM
From: Cogito  Read Replies (1) of 58324
 
>>With both short and long positions, if of the same # of shares, you will be making "$0" and not on either your short and long positions.<<

Greg -

That would be true if his long and short positions were opened at the same price. Since he went long at 4 1/4, or thereabouts, and short at 5 1/4, he can make money on both sides of the trade as long as the stock price stays between the two.

If the stock goes above his short price, he can cover the short, and still make a profit on the long side. If the stock goes below the long price, he can sell the stock and hang on to the short position.

- Allen
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