TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: sandbag who wrote (7497)	3/6/1999 11:34:00 AM
From: peter n matzke	Read Replies (1) of 59879

Skane, >When the stock is dropping and you want to sell your long position in order to expose the short position, you legally still need an uptick/upbid. the above mentioned may not be correct. When you initiate the box, the short must be purchased on an up tick or up bid of at least 1/16. When you sell the long has no effect or relationship to the short position, other than any applicable margin expenses. The long can be sold at any time, up or down tick. The same is true of the short position, it can be sold at any time, up or down tick. The only restriction relates to the purchase of the short position. Many brokers do not allow boxed or hedged positions, because they have difficulty in monitoring the positions for compliance purposes, but it is 100% legal. regards peter

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