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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (3833)	1/30/1999 12:08:00 AM
From: Greg from Edmonton	Read Replies (1) \| Respond to of 11130

> Now shorting OTC BB etc is another topic of discussion for canandians... Now THAT could be a potentially interesting topic. How is that done? From what I hear, an off-shore account is required....

To: Wayne Rumball who wrote (3833)	1/30/1999 12:10:00 AM
From: David in Ontario	Respond to of 11130

OK Wayne - will try and see what happens Wasn't sure if it was for the occasional trade - or running the RSP exclusively in US stocks - as you are. Here's a 'dumb' question. Is the penalty just 1%/month on the entire amount you're over - i.e., 1%/month penalty on the 80% you're over? If so - that's a very small penalty to pay given the S&P gains each year. I'm reluctant to short anything - potential of unlimited losses is a worry - here I guess you need a mimium loss # you're prepared to accept - set a stop loss - and live to fight another day. Q. If it's apparently a small penalty to pay - why isn't everyone doing it? If this strategy does work (for me) - I'll retire earlier and a far lot wealthier - thanks :) David.