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To: Earlie who wrote (68187)	2/15/2001 6:13:43 PM
From: Mark Adams	Respond to of 436258

Thanks- Iceshark cleared it up for me. I knew of shorting against the box, but hadn't thought of the inverse as a way around the downtick rule. I do the bulk of my trading in an IRA- simplifies record keeping and eliminates long term cap gains considerations. If we get a k winter, I might take on more long term holds in a cash account. Since shorting isn't allowed in an IRA, and has serious risk if stop losses aren't employed, I've limited myself to an occasional put. Even those have to be done in a cash account, as my current IRA custodian will only allow covered calls in a retirement account. Long calls or puts aren't 'suitable'. <g>