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To: marc ultra who wrote (3175)	2/3/1999 7:35:00 AM
From: MrGreenJeans	Respond to of 15132

Marc Do yourself a favor and learn all you can about your options in particular shorting against the box. The rules on shorting against the box are not difficult and worth an investigation. Shorting indexes also incurs tax liabilities if you profit and if you suffer losses you must put up more maintenance margin at some point perhaps incurring taxable events in order to cover from other accounts. In any event, you owe it to yourself to investigate all avenues of hedging complicated or not. It is important to understand the issues and complexities. As a sophisticated investor there is no excuse not to.

To: marc ultra who wrote (3175)	2/3/1999 11:45:00 AM
From: marc ultra	Read Replies (1) \| Respond to of 15132

sentiment bulls 60.0 bears 26.7 bulls/(bulls+bears=69.20

To: marc ultra who wrote (3175)	2/3/1999 2:35:00 PM
From: Math Junkie	Read Replies (1) \| Respond to of 15132

The short-against-the-box rules are really not so bad. According to the instructions for Schedule D, they don't apply if you close the short position no later than 30 days after the end of the year, hold your long position at least 60 days after closing the short position, and don't take positions which reduce the risk of your long position during that 60 days. This exception is stated on page D-4 of the instructions, under Constructive Sales Treatment for Certain Appreciated Positions. ftp.fedworld.gov If you're a glutton for punishment, you can find further details on page 36 of Publication 550. ftp.fedworld.gov