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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: Keith A Walker who wrote (1047)3/7/1999 11:19:00 PM
From: Winnie Cui  Read Replies (2) of 6531
 
Most of people use "short vs. box" for tax reason. But just like you said that you can "short vs. box" to protect you downside risk. The margin requirement for "short vs. box" is 10% of long side of market
value. The reason why some brokerage firms require you open two accounts (especially in many day trading firms) is that some investors
try to avoid down-tick rule when they sell short (they sell their long
positions,only keep short positions when market is going down). That's against short sell rule. Therefore, many firms require investors to open two accounts (they call cross-guarantee accounts) in order to "short vs. box"
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