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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: rkral who wrote (145235)	10/1/2006 10:13:58 PM
From: gks*	Read Replies (1) \| Respond to of 152472

rkral Are you assuming both positions would be sold simultaneously? stranded

To: rkral who wrote (145235)	10/4/2006 9:48:19 PM
From: lml	Respond to of 152472

Start with 1000 shares ... sell 500 shares at $X ... short 500 shares at $X. That leaves us with 500 shares long and 500 shares short. Stock price goes up $10/sh ... we're up $5000 on the long .... down $5000 on the short. Vice versa if the price goes down $10/sh. Overall we've neither gained nor lost. How is that not a neutral position? Agree, what you describe is a neutral position. I interpreted the poster's original comments as "selling" & "shorting," which in my view is not "neutral," but rather moving to a neutral position. Regardless, such a strategy is not the same as selling one's entire position. Sorry for delayed response. Got a tsunami of posts to catch up on past few days.