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

To: Gordon A. Langston who wrote (5143)3/17/1998 4:36:00 PM
From: Russian Bear  Read Replies (1) | Respond to of 18691
 
Gordon,

Brown and Co. allows it up to a certain portion of the net value of the IRA account (25%?) I know of no other broker that allows this.

Check at www.brownco.com

Good luck,
RB



To: Gordon A. Langston who wrote (5143)3/17/1998 5:00:00 PM
From: Roger A. Babb  Respond to of 18691
 
Gordon, also true in my account.



To: Gordon A. Langston who wrote (5143)3/17/1998 7:58:00 PM
From: Lazlo Pierce  Respond to of 18691
 
Gordon, different companies have different rules. Many do not allow options, unless it's selling covered calls on the underlying stock. Fidelity Investments is one that does allow purchases of options (puts, calls, LEAPS, etc.). Hope this helps.

Dave



To: Gordon A. Langston who wrote (5143)3/17/1998 9:00:00 PM
From: Peter H. Hodge  Respond to of 18691
 
An IRA is always a cash account. Thus you are unable to short stocks, which require a margin account.



To: Gordon A. Langston who wrote (5143)3/17/1998 9:13:00 PM
From: Jon Tara  Respond to of 18691
 
Gordon, I think you are stuck with buying a mutual fund that shorts.


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