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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?


To: Barronio who wrote (4371)3/23/1999 11:29:00 AM
From: Dan Swartzendruber  Read Replies (1) | Respond to of 4969
 
It's not my intention to use a box to circumvent the rules; at no time will I hold the short position alone. My intent is to make some money on the short-term dips of a stock I have held and will continue to hold long term.

I'm not sure I understand. How can you make money on a short term dip unless you sell the long position (which would however briefly leave you holding the short position only)? Regardless of your intentions, this is still (effectively) allowing a short position to be opened on a downtick.