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To: Mike M who wrote (27692)	11/22/1998 6:00:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

hus they are short in the type 5 account (strictly for shorts) and long the same company and same number of shares in the type 2 margin account. I am nit picking<G> Short shares are in type 3 not type 5. Long margin are in type 2 as you stated and long cash shares are in type 1. Glenn

To: Mike M who wrote (27692)	11/22/1998 8:03:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 164684

mike, you misunderstood my original post. we are saying the EXACT SAME thing. >>To short is to borrow shares that do not belong to them with the promise to buy them at some later date....and to box is not to buy "them back"<< i NEVER said you bought back your shorts to box. i said you sold your long position (a separate position from your short position) and were net short. then you bought back your longs to net close your position and "box." this is what you did, correct? when you went net short at $174 and boxed at $176, you lost $2 on THOSE TWO TRANSACTIONS (the ONLY ones in question). you may justify the losses away and say you haven't lost anything, but you have. if you add up your net equity in BOTH accounts after the two transactions were complete it was LESS. why? you lost $2 a share by going net short. if you had 1k shares boxed then your combined net equity of both accounts is down $2k - assuming no other charges or interest were accrued. you prior or future trading was never in question...