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To: Paul Engel who wrote (27628)11/22/1998 8:51:00 AM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 164684
 
I have always heard - and used - this as "shorting against the box" - which is, as you say,
shorting the same shares that you already own - generally to lock in a specific sales price
but delaying the date of the sale until the "long" shares are used to cover the short
position.


Paul,

That is exactly what it is except there are no longer tax advantages.

Glenn


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