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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (8268)	9/26/2002 11:41:33 AM
From: Mike M	Respond to of 30712

Great question. For me its easier to effectively go short by selling a long position than to try and open a short one on an uptick...Moreover, I prefer trying to make money on every trade so rather than close an untimely short sell, for instance, I will buy the long (boxing) and then sell it when the run up is exhausted believing that eventually the short will be in the money. My decision making is easier since I don't hold on to losing positions very long. May not work for everybody, Steve, but it does for me. Usually the tax issue is only secondary since there is no longer any such thing as a LT capital gain on a short.