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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: Madpinto who wrote (586)	1/23/1998 1:42:00 AM
From: ----------	Read Replies (1) \| Respond to of 2241

That's a couple more that I had not thought of. Items #1 & #2 make perfect sense. Item #3 has me kind of confused. I believe you are referring to the "short sales only allowed on uptick" rule. But, the buyer of a call, especially in the money would need to exercise to close out either an arbitrage position or something analagous to a short against the box? BTW, I'm sure you know already but my response about having stock called just to tick me off was meant as a joke. The exercise assignment procedure is as un-biased as any system can be, IMO. Thanks in advance for any clarification on item #3. Regards, Doug