Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (205146)	11/15/2002 4:30:14 PM
From: Tommaso	Read Replies (1) \| Respond to of 436258

I don't like taking any losses that I can avoid in my IRA. I have a short position on IBM in my regular account; I have not tried buying IBM without checking the "buy to cover" option, but since it is quite simple to short against the box when you own the stock I had been assuming the broker would take an order to establish a long position while maintaining the short--the hope being, obviously, to get out both ends with a profit. IBM seems to be subject to so many shifting market forces that its current volatility might make this kind of speculation work. At the same time, it's such a widely held stock that there's a certain inertia in its movements (because of its huge capitalization, name-recognition, and history) that make it unlikely to run away dramatically in either direction. I guess my approach is like the way Ethiopians used to eat cows. They would just cut a piece off the cow and then plaster the skin back over the place. Makes you glad not to be an Ethiopian cow, doesn't it?