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

To: peter n matzke who wrote (7521)	3/7/1999 2:21:00 PM
From: steve goldman	Read Replies (1) \| Respond to of 59879

Peter, I have gone over this many times with varying levels of compliances officers, legal counsel at the Nasdaq,etc. Regulations sometimes are decyphered through case law. All I can say is that I dont want to be the defendant in the case. Uniformly everyone I have spoken to agrees that you can not circument short sale rules with aboxed position. They must be netted. The next step is "what are short sale rules?' By definition they include the upbid/uptick rules PLUS short availability. Thus you can always create a box, yet you need to short it with the proper upbid/upticks, AND borrow it. SO given the iRS's removal of a shortvbox benefit, what benefit is there for boxing? SUre you can box. Box all you want...but whats the purpose? Also, you hire an attorney to represent you in a deal. The attorney lies, frauds, fails to do something which causes catastrophic loss. You are liable. You are liabile for violation of NASD, SEC rules, though the firm would be a deep pocket. A few 100k fines agianst the firm an dthey will adjust their software. Dont let it happen to you. No few extra ticks are worth a felony or misdemeanor. Regards, Steve@yamner.com