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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Ted Levy who wrote (6765)	11/11/1997 1:44:00 AM
From: Ted Levy	Respond to of 9285

To clarify the last post, I'm considering going long the same number of shares... sorry for the extra post... Ted

To: Ted Levy who wrote (6765)	11/11/1997 1:51:00 AM
From: Roger A. Babb	Read Replies (2) \| Respond to of 9285

Ted, when I want to cover a short temporarily in a stock like AMZN where short shares are difficult to come by, I will box the position.

To: Ted Levy who wrote (6765)	11/11/1997 2:10:00 AM
From: Mama Bear	Respond to of 9285

I box frequently, my broker seems to ignore the uptick rule when I sell longs from a boxed position. To do this, I just "buy" rather than "buy to cover" the shares. Remember that this is not considered a flat position as far as margin requirements are concerned, so it will eat into your buying power. Hope this helps a little, Barb

To: Ted Levy who wrote (6765)	11/11/1997 2:44:00 AM
From: R. Bond	Respond to of 9285

Ted, Just bear in mind that this strategy 'works' when your basis cost for each position is the same price. So watch your new position carefully and have a plan, in advance, about when you will get out if things favor your original position. Or set a stop. It may happen quickly. Regards, Bond