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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?


To: Gary Korn who wrote (4778)7/26/1998 7:35:00 PM
From: Darren  Read Replies (2) | Respond to of 12617
 
Anyone who shorts (and boxes) should be aware that you can "flatten" your position without incurring a spread or commissions. You advise the broker to flatten the box, and a bookkeeping entry is made (long is in a type 2 acct and shorts are in a type 3 account). No spread, no fee. This is helpful to know if you do arbitrage trading at all (I do it on takeover stuff, e.g., I'm long and short equal amounts of CIEN and TLAB respectively, as 1 CIEN is soon to become 1 TLAB).

You may want to check with Cyber-Corp as to whether this is legal in their eyes. I don't believe they would allow this -- although others do, including Block Trading.



To: Gary Korn who wrote (4778)7/26/1998 9:01:00 PM
From: dpl  Read Replies (1) | Respond to of 12617
 
>I've always had good success shorting through Fidelity. Currently sitting on 1,000
AMZN shares (boxed against longs). Had as many as 6,000 boxed at one time.<

That's interesting.Everytime I tried to short AMZN at Fidelity those SOB's gave me "nothing available"
You must have had all of them :-)