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Strategies & Market Trends : From the Trading Desk

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To: steve goldman who wrote (4195)2/16/1999 4:05:00 PM
From: Mama Bear  Read Replies (1) of 4969
 
Steve, concerning shorting against the box, is it your interpretation that the regs completely disallow this strategy, or is it just selling the long half on a down bid that is prohibited? I ask because my lousy broker requires up to 15 minutes before verifying availability of shares, and with all securities, including SPY.

I guess my question is, am I allright as long as I make sure to sell on an uptick or at least 1/16 above the last inside bid?

TIA,

Barb
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