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To: marc ultra who wrote (2722)1/7/1999 7:39:00 AM
From: MrGreenJeans  Read Replies (1) | Respond to of 15132
 
Marc

I believe they eliminated shorting against the box

One can short against the box for up to 10 months a year. Position needs to be taken off by Janaury 31st. The shorting against the box rules were modified not eliminated.



To: marc ultra who wrote (2722)1/7/1999 12:15:00 PM
From: Justa Werkenstiff  Respond to of 15132
 
Marc: I think the easiest way to hedge here is simply to take profits and raise some cash or short against the box. I checked that Tech. Spyder (XLK) and it is diversified among various tech companies and, more importantly, it has no trading history. It is also weighted somehow. You would be shorting 15% of MSFT, 8.75% of INTC, 7.04% of IBM. 6.4% of CSCO, 5.85% of LU. AMAT is only .71% and KLAC is only .16%.