>>For example, I have 300 long shares and 300 short right now and that's called a
300 shares even box.<<
Jan, Thankyou. Does this mean that both the long and short positions have the same or similar base?
For instance, one could, instead of taking a profit from a long position, after a run up, thus closing out, just sell from the short account. And conversly could, instead of covering a short after a drop, just keep the short and go long.Am I getting it?
The difficulty I encountered was my on-line broker(ahem canadian) will
not permit, as they call it, "short against the box".ONE of the reasons given is that one can circumvent the uptick rule, since you can go net short simply by dumping the long shares. Way faster than a phone call to borrow shares though.
>>I can buy 100 shares of Amzn tomorrow, if I think that the
trend is up<<
We can trade on Sundays now? Excellent! |
