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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: James Wright who wrote (8085)	8/25/1998 8:39:00 PM
From: Patric	Read Replies (1) \| Respond to of 29382

Hey, James; I'm fairly certain you can't legally do it because you have to have a margin account to short and that would mean mixing IRA money with borrowed money. I have a rollover IRA and I KNOW you can't in one of those. OT, re: your post to me a few days ago: I never had a hound dog. Your boyhood sounds idyllic, just the sort of thing I would wish for my boy. He's got it pretty good but wandering the fields in Maryland with your hound dogs--well, what memories to have! Now, if you tell me you also used to go into the woods and pick blackberries with your hound dogs, I might just scream! #8~o>

To: James Wright who wrote (8085)	8/25/1998 8:42:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 29382

<Does anyone know of a good online discount broker that lets you short in an IRA account? Do IRS regulations even allow this?> Not allowed Jim. Your IRA account has a finite amount of money. The loss on a short position is theoretically infinate. Sergio

To: James Wright who wrote (8085)	8/25/1998 9:53:00 PM
From: LTK007	Respond to of 29382

James W said<The only money I'm making these days is shorting stocks> What is happening these days like with ABTX and REXI is a RED FLAG warning that the Bear Market is a very real possibility---just as stocks rocket up in the froth of a bull market without sound reasoning so as a bear market approaches the slightest suggestion of trouble with a stock,no matter if it is only chatter in the street,can start a panic sell-off . I do not like taking unwise loses but I am thinking of finding a nice stock to short,and try to get a profit equal to my paper losses and then sell all my down stocks at what would amount to no loss--if you can follow my twisted logic:) Good Luck,Max