Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: hawk-eye who wrote (770)	11/20/1998 5:37:00 PM
From: Phil(bullrider)	Read Replies (2) \| Respond to of 19428

hawk-eye, The strategy is used mainly if you are short, and the stock starts running on you, as AMZN did the last few days. If you box, you lock in your losses, and don't lose your borrow. If you cover, and the stock starts to slide, sometimes you can't get the borrow to go short again. If you are boxed, and the stock starts down, you simply sell your long shares, and enjoy the ride. I used a box to protect some gains on LU once, but now I realize it would have been better on the long side to simply sell, and if the stock goes down, you can buy it back. It's the same commission either way. Are you less, or more confused? Have fun, Phil