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

To: shag007 who wrote (5089)8/27/1998 12:07:00 AM
From: peter n matzke  Read Replies (1) | Respond to of 12617
 
i read the notice, and the rule and then called the compliance officer at one of the brokers that i use.

He assured me that they are in full compliance with the rules and that boxed positions or hedges are totally legal as long as you don't short on a down tick.
The trading firm is responsible for making sure that the down tick rule is obeyed.
the biggest advantage of a box or hedged position is the ability to short thin or illiquid stocks.


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