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Strategies & Market Trends : Z PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: Ron McKinnon who wrote (11360)	1/16/2004 4:15:37 PM
From: DanZ	Read Replies (1) \| Respond to of 11568

I hope that nobody takes this wrong, but once again I want to raise the issue of someone taking the opposite position of a stock already held in the portfolio. If we are long (short) X shares of ABC, it makes no sense to short (long) any number of shares of ABC, which in effect creates a box (partial or full). All this does is use more of our cash, hedge someone else's position, and create more bookkeeping for me. I understand the comment that it is just another opinion on the stock. On the other hand, even though we each enter individual trades, I consider this a team exercise. By allowing the same stock to be held long and short simply because it's another opinion on the stock, each of us is just doing our own thing. I'm sorry, but I don't see the point in that. I'd like to suggest that if someone has an opposite opinion on a position already held, that it is perfectly fine, and even desired to state that you disagree with the position, post that you are buying or selling the stock in your own account if you want, but refrain from posting them as Z trades. Thanks. I won't have Internet access Saturday or Sunday. I'll try to update the portfolio tonight, but it might have to wait until Monday. Have a nice weekend everyone. Dan