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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (12043)2/22/2001 4:02:41 PM
From: exdaytrader76  Read Replies (1) | Respond to of 18137
 
Re: new broker for shorting

Often I am allowed to short new issues (IPO's) a short time ( 1 week and less)

If you do get another broker, you might want to keep the old account open. It seems that your current broker is pretty liberal in what they let you short.

You said that you experienced buy-ins with big cap stocks (NT I think). Maybe in the new account you could short whatever you were allowed, and keep the old account to short whatever the new firm would not allow.



To: Doug who wrote (12043)2/22/2001 8:20:46 PM
From: Eric P  Respond to of 18137
 
Nevertheless that is what I will have to do.? May I ask what is the longest time you have held a short.?

I typically don't hold many shorts beyond about two weeks, at times with great regret. I covered a large PCLN short position last summer at about $40 and watched it trade down to about $1 before year end...

-Eric


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