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: shasta23 who wrote (7515)	3/7/1999 7:10:00 AM
From: steve goldman	Read Replies (4) of 59879

Skane, Someone pointed me to your post. INfact, boxed positions have been deemed violative of NASD rules. The NASD sent out a bulletin about 4,5 months ago saying they wanted firms to NET positions. Please do a search of SI for short against box, boxed, etc. you will find the post. SO anything that I might have said to the effect that a boxed position was permissible a year or so ago, is no longer permissible. Please make sur eyou net the two. Long 1k in one account , margin and short 1k in a short account is NET flat. Any additional sales require you to meet short sale rules, ticks, upbids, teenies above upbids and borrowing stock. -steve@yamner.com

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