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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Clint E. who wrote (22846)8/17/1999 11:29:00 AM
From: d. alexander  Respond to of 68614
 
I asked AMTD yesterday. They said you can't short a stock until it's marginable which takes min. 30 days after an ipo first trades. d.



To: Clint E. who wrote (22846)8/17/1999 2:42:00 PM
From: Johnny Canuck  Read Replies (2) | Respond to of 68614
 
Hi Clint,

There are no restrictions according to my broker. I can short as soon as a stocks starts trading on an exchange. It is an involved process for the firm to short without showing their hand to the MM's though. My brokers was explaining to me, but I wasn't really paying too much attention at the time.

I am still in the RHAT short. My first target at 63 was met this morning. I have a order in to close the short at 58. I expect the market to range trade with a downward bias till the Fed meeting. As you said, there are no clear leaders to take the market higher right now.

I won't be posting much this week. I need to deal with some pressing issues at work.

Harry