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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (19871)	7/11/1999 6:57:00 PM
From: James F. Hopkins	Read Replies (4) \| Respond to of 99985

LG; You know I have not really asked in respect to mine, I've done all the short plays in my regular account, I just assumed I could buy any fund that waterhouse has listed even in my my IRA , I didn't do it as the way I play them against the QQQ wouldn't work but half way in the IRA as I can't short the QQQ in the IRA, hmmm now you got me wondering if I jumped to conclusions. Also my ira is not marginable, and most all of my shorts are done on margin so I left the IRA for bonds and longs mostly on cheap stocks that can't be margined anyway, or stuff I think I might keep, I don't trade the IRA anywhere near as often as I do the regular account. ---------------------------- What I did do for 60days this year ( first time) was move some of my IRA to my regular account. I just put it back last week I didn't know till this year I could borrow it ( once a year ) for 60 days and then return it with no tax. Ah that may not work for younger people I don't know ? but if it does and they see a strong trend they may flip most of it for 60 days, "if it's not put back then there is taxes , and if under 59-1/2 also a penalty," but this is not the last word on that trick & if under 59-1/2 they better check with a tax man. It works for me but then I'm 62. Jim