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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: sandbag who wrote (7501)	3/6/1999 12:13:00 PM
From: peter n matzke	Read Replies (1) \| Respond to of 59879

I may not have used the correct words, but i can assure you that if you open both the long and short positions individually, the short must be purchased on an up tick or up bid of 1/16. When each position was opened individually, closing or selling either position has no bearing on the other. If both positions where opened as a box, for example Bought(to open long) 1000 at 35 and Bought(to open short) 1000 at 35....if this was opened as a accounting practice rather than separate orders then, and only then would the long be subject to any selling rules. I always open each position separately, and i can assure you that the method i have described is 100% legal and accurate by NASDAQ and NYSE rules