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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Bux who wrote (35212)	7/16/1999 10:25:00 AM
From: JGoren	Read Replies (1) \| Respond to of 152472

Sometime ago I checked with my broker about shorting against the box. Frankly, I don't remember what I was told, but my conclusion was that it was treated almost as if I didn't have the stock to deliver and the tax implications did not look good. If someone more in the know does not respond here, there is a thread dedicated to 'Tech Stock Options" where someone may be able to answer your question. My advice is call your broker and ask how they treat your account; you will probably get more informed and better answer if you use a full service broker. To EepOp: My vague recollection is that Jubak kept Qcom on his favorites list into the runup but took it off sometime in May.

To: Bux who wrote (35212)	7/16/1999 10:59:00 AM
From: SKIP PAUL	Respond to of 152472

If I short does my account go into margin (assuming I have no cash balance)? You have to have a margin account to short. The margin account must have enough equity around 50% to start and maintenance of about 30 to 35%. The short position is marked to the amrket daily and charged or added to your equity. Can I remain short as long as I like Only as long as your broker can borrow the stock. For large cap stocks that is not a problem. and have the funds to guarantee the eventual purchase or can i be forced to cover for other reasons. Your equity and proceeds of short can be used to buy back the shares. If I can be forced to cover for reasons other than liquidity, If your broker is forced to return the stock borrow he can cover your short. what are my options if I think it is still going down? Buy a PUT or find a broker who can borrow the stock.