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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (3329)	11/8/1997 8:26:00 PM
From: Justa Werkenstiff	Read Replies (3) \| Respond to of 10921

I2: Shorting against the box still exists on paper but in reality the use has been severely restricted. Under the new rules, you have to close your short position within 30 days after the end of the year and then you must stay long in the stock and unhedged for 60 days before closing your long position. So the price for moving your gain into the next year is the market risk you assume for being long the stock 60 days. But if you stay long for 60 days and then run naked through the streets on the first rainy Sunday following the day after you close your long position, you may postpone your gain into the following year provided the rainy weather has not made you shorter as a result of the male phenomenum known shrinkage at which point your loss becomes the government's gain as you must pay a 50% penalty for going short without permission <g>.