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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (36187)	10/12/1999 12:45:00 PM
From: Magnatizer	Read Replies (1) \| Respond to of 44573

Chip i had asked my brokerage (refco) about boxing (long and short same contract) and they told me only the institutional accounts could do that. Not for us little guys. ht david

To: Chip McVickar who wrote (36187)	10/12/1999 12:46:00 PM
From: Gary E	Respond to of 44573

Not if the aston cost 250 K,,, no ford or anything even resembling a bike Edit,,,chip,,,call your broker,,see what he says

To: Chip McVickar who wrote (36187)	10/12/1999 10:28:00 PM
From: Patrick Slevin	Respond to of 44573

< As far as a check book example........if I had $250,000 in an account, purchased an Austin Martin and waited 2 months to sell at a higher price.....I still ought to be able to buy a showroom new Ford and watch the value decline.> It's not the same, that's a spread......like being Long Crude and Short Mobil or Long Dell and Short Compaq. What you are saying is that you want to be Long an Aston Martin and Short it as well. So who has it, you or the person you Sold it to? Or......can you have your cake and eat it too? As far as doing it in the same brokerage, you would need two accounts that you have control over. Or, you might Sell 5 minis for every Long Spoo. Or, and the way most people would do it, be Long One Spoo and Long 5 OEX ATM Puts.