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

To: BDR who wrote (6543)	4/8/1998 10:56:00 AM
From: Roger A. Babb	Read Replies (2) \| Respond to of 18691

Dale, looks like the bulls are back in force this morning!

To: BDR who wrote (6543)	4/8/1998 11:03:00 AM
From: Lazlo Pierce	Respond to of 18691

Dale in an IRA account one cannot short stocks, or sell naked calls and puts. However most allow you to sell covered calls, and a few allow the BUYING of naked calls and puts. I use Fidelity for the latter capability. Dave

To: BDR who wrote (6543)	4/8/1998 12:07:00 PM
From: Mama Bear	Respond to of 18691

>>>Somebody correct me if I am wrong but I understood that IRA funds can only be held in a cash account and not a margin account, thus eliminating the possibility of shorting and option trading.<<< Margin, and therefore shorting individual stocks is not allowed in a qualified plan, but options trading is done on a cash basis, and is allowed. Most brokers won't let you do anything but short covered calls though. Barb