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Strategies & Market Trends : Signals & Opinions -- Ignore unavailable to you. Want to Upgrade?

To: aniela who wrote (1872)	9/9/2003 10:04:15 PM
From: James F. Hopkins	Respond to of 3523

With a stock like FLEX, that's true with any broker I know of, ( all stocks are like that )..because of the uptick rule. However ETFs such as QQQ don't have an uptick rule and can be shorted on the down tick, so they don't care about the BOX..In fact they sort of like it because they make interest off the money in the short account, and also don't have to pay you interest on the long side. ---- It's just ETFs I box..( no uptick rule ) and my reason is that if the market moves down fast sometimes you have to wait for the broker to approve the short sale.. ( He has to see if there are shares available, and there have been times there were none ) ---- Also I can never get short in a half fast market if I do a short at a Limit price..they are not going to look for shares and hold them for you on a ( maybe sale ) at some limit price. To be sure I get shares I always short at market. ---- Then With my box I can do a sell at a limit price, with the long side. ---- Again this is just good on ETFs.. Jim