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Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?

To: tiquer who wrote (6019)7/1/1999 12:30:00 AM
From: Richard N. Barg  Read Replies (2) | Respond to of 16809
 
Who cares about the fact that shorting against the box is a constructive sale (in most cases). The point of going short at a brokerage other than Wit is to accomplish a "virtual" flip of the stock - something you can't do directly at Wit. Here are the salient ?s to pose:

1. Do SECs rules prohibit shorting a new stock for 30 days - i have heard this

2. As a practical matter, is there any supply or shortable stock to be had?


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