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Pastimes : Asensio** King of the Shorts - LET'S RUMBLE! -- Ignore unavailable to you. Want to Upgrade?

To: Mad2 who wrote (215)	1/10/1999 3:42:00 PM
From: Andrew Martin	Respond to of 257

Mad, it was in fact Datek I was able to execute the short on Ebay with. I recall they put the NS on it around 90. Before then it was on again, off again. As for the margin-cash situation you and Barb could be correct as I have never checked on my cash account. I use a margin enabled Datek account to short with but always use cash. My tactic is to put my Datek account into a shorting position by paying off the margin through appreciation of "NM" stocks. When I achieve a large enough position in cash I pick a short equal to 1/2 the value of cash dedicated for that short and put in a 2x stop limit gtc order to protect the other positions. In this way I am able to speculate both ends of the volatility within the market. It's a brutal tactic but it works for me. I hope this explains things. BTW, Ebay wasn't "NM" at the time of the short but I see Datek has become quite active lately in slapping "NM" and "NS" on 'speculative' stocks. Prudent.