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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (2499)	2/1/1998 2:00:00 PM
From: xstuckey	Respond to of 4969

To: steve goldman (2738 ) From: xstuckey Sunday, Feb 1 1998 1:41PM EST Reply # of 2743 "similar to Xstuckey's shorting the INTC he has at lower levelss....At very worst, he has the long stock to cover his short." Hi Steve, This is an inaccurate statement. When I go short I short twice as many shares as I hold long. While 1/2 of the position is a short against the box, the other half is a short as naked as it gets. This has a net effect of taking my entire position from long to short, with the same net number of shares being held short as were originally held long. Just wanted to be clear on this. Best Trading, X