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

To: steve goldman who wrote (2978)	4/30/1998 12:17:00 PM
From: Steve Warkentin	Respond to of 4969

oops.....sorry

To: steve goldman who wrote (2978)	4/30/1998 12:38:00 PM
From: Richard James	Respond to of 4969

Steve, Here is a general trading question. Most of my funds are in IRAs. After they were opened as margin accounts, the broker advised me that I could not trade on margin in an IRA. I would like to occasionally buy on margin and short stocks, which can only be done through a margin account. Q: Is this a general rule (SEC), a rule of a particular exchange, or the broker's house rule. I suspect it is related to the IRS prohibition against pledging IRA assets as collateral. (If that is still prohibited Also, how are you coming with Spots' question as to whether shorting creates shares? TIA Richard James