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

To: ted free who wrote (9180)	12/31/1997 11:31:00 AM
From: Carl H. Gotsch	Read Replies (1) \| Respond to of 9285

Ted, Can only speak for on-line brokers e-Schwab and Datek. E-Schwab offers the option to buy and sell or buy to cover and sell to short, thus giving you the boxing capability. (One may need it with them; they often don't have shares.) Datek offers only buy and sell. But I have never had any difficulty getting shares to short; so, while the boxing strategy isn't there, it hasn't mattered--at least in my experience. Regards, Carl

To: ted free who wrote (9180)	12/31/1997 11:33:00 AM
From: Rick Slemmer	Respond to of 9285

Ted: Yup; standard procedure for SOES traders, except we have to SOES in and get out via Island, Instinet, or Selectnet. We have to either make a profit or flat the trade. I've inquired about the reasoning behind it, but no one seems to know why the requirement exists or who mandated it. But it's easy enough to do on a bull day, so we take it in stride. Good luck! RS