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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (12840)	5/29/2000 11:16:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 14162

The "rule" is most often referred to as the "downtick rule" when it's talked about it. No shorting on the downtick is why. I don't see my message saying I was shorting on the downtick. It's not important to me any way as what I day trade ( mostly the QQQ ) & there is no "downtick rule" on the qqq. BTW my broker didn't seem to know taht either but then he don't really do the execution any way. Jim BTW if I am boxed on a stock and do a sell at market it's not my objective to beat the down tick rule..and exactly were a market order trades is out of my control if a rule violation comes into play iI will argue taht it can't be my responsibility as I can't control it, they would have to prove "intent" and taht begs the question , as my only intent was save time and not have to try borrow shares at a critical moment & or when there may not be any shares left to borrow. Market makers work out of short positions almost exclusively. Jim