Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Rashley who wrote (2362)	2/6/1998 1:04:00 AM
From: Don Kelly	Respond to of 18691

>>>The only thing I can find negative about Datek is that you have to wait and watch the screen constantly to find an uptick to short on.<<< You don't have to wait for an uptick to short, and you don't have to watch the screen constantly. Let's say a stock is 20 bid X 20 1/4 asked, and is on a downtick. Just place a limit sell order for, say, 20 1/8. As long as the limit price is higher than the CURRENT bid (and assuming the MM will buy between the spread, which is more often the rule than the exception with Datek) you can sell short on the downtick. Hope this helps.