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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: hawk-eye who wrote (677)	11/11/1998 12:39:00 PM
From: Peter V	Read Replies (3) \| Respond to of 19428

Since Auric is out, "boxed" means you have an equal number of shares long and short. Example: you short 100 shares of XYZ, and then buy 100 shares of XYZ, but not to cover the short. In effect, you have no position at all, and thus a move in either direction will result in no gain or loss, assuming you close both positions at the same time. It's a strategy to protect yourself when you don't know which way the stock is headed, but want to keep some shares short (in case they get scarce at some point).