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

To: purecntry5 who wrote (10589)6/25/1998 6:50:00 PM
From: Ploni  Read Replies (1) | Respond to of 18691
 
Unless the stock is hard to borrow to short, or you want to be able to reinitiate a short on a downtick, there is no advantage to being boxed over being out of the position. I imagine that brokers can convert a boxed position into a closed position with a few clicks of the mouse, and the only issue is making sure that you aren't charged for another commission.

As you have already filed a complaint, it should be taken care of without any problem.



To: purecntry5 who wrote (10589)6/25/1998 7:11:00 PM
From: vegetarian  Respond to of 18691
 
Etrade will close a boxed position at no charge to you, I suppose other brokers would also do the same; I mean if the worst one among them is...;-)
I would not worry about this.



To: purecntry5 who wrote (10589)6/25/1998 10:02:00 PM
From: margin_man  Respond to of 18691
 
It will take a couple of days for a broker to close the position.
No commission charge, but in the mean time you will get charged
for margin interests for both positions.

Patriot


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