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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Bid Buster who wrote (35215)	9/12/2001 10:48:43 PM
From: Mike M	Read Replies (2) \| Respond to of 37746

now mike..would you be so kind to tell me how one boxes a position without shorting? Both are shorts. The difference is that one is opening a new position to generate a profit with a net effect of increasing stock supply and further undermining markets. The other, under the circumstances I described, was an alternative to selling stock one already owns by borrowing shares. It has the effect of netting out a distressed position (i.e. answering a margin call) but doing so on an up tick and with the intention of buying shorted shares back to reinstate a long position. The point buster is that it is an alternative to simply selling out as everyone tries to head out the door at the same time. It is not a risky maneuver like a naked short because it balances the long and short position. It is distinguishable and manageable by brokerages.