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To: ratan lal who wrote (44451)	6/3/1998 10:03:00 AM
From: Nemer	Read Replies (1) \| Respond to of 58727

ratan: re our previous discussion on the sell program yesterday --- ---->Not on the index itself but you could have shorted some stock Over the years, I've shorted a lot of stocks, as a matter of fact, when it comes to position trading for length of times under 45 days or so, I've made more money on shorts than longs. But, with all the brokers with whom I've dealt, and even with my 2 web accounts , you can't short it if they don't have it to loan and it takes time for permission to short sale and an uptick to happen. SO, I feel that for quick moves, such as we were all discussing, shorting is out of the question. Regards -- Nemer