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Microcap & Penny Stocks : DCTC - DCI Telecommunications -- Ignore unavailable to you. Want to Upgrade?


To: semi-recumbent who wrote (3213)12/22/1997 1:04:00 PM
From: Colin Cody  Read Replies (1) | Respond to of 4489
 
selling short against the box, the box being restricted shares, is as illegal as it gets (g)
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Also shorting against the box isn't really done to protect against a decline... as it also ELIMINATES all further appreciateion as well!
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buying PUTS offers a guaranteed FLOOR to a decline, YET leaves open the top end for a price rise.
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Writting Calls offers a partial or lower floor against a decline but LIMITS the UPside potential.