Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: steve goldman who wrote (7525)	3/7/1999 2:36:00 PM
From: peter n matzke	Respond to of 59879

Steve, First, i will reconfirm with the compliance officers that the procedures of the respective brokerage firms are correct. However, your statement implies a second penalty to boxing which i will also verify. I understand that boxing turns both positions, the long and the short into short term capital gains. I understand the reasoning behind the rule. If the long position is opened first, and the short position is opened second, the short position must be purchased on an uptick /upbid. But, you also state that any subsequent sale of the long must also occur on an uptick/upbid(still holding the open short) which in effect, means that the client is penalized for boxing versus selling the long originally and opening a short. regards peter